Congress targets Apple on tax shelters

When he testifies to the Senate Permanent Subcommittee on Investigations next week Apple Apple The basic background is that a US corporation only pays US corporate income tax on profits made inside the US, or foreign profits brought back to the US ...

Apple Inc. (AAPL) An Apple executive will testify at the hearing of the Permanent Subcommittee on Investigations, the person said. The committee has been examining companies that use various maneuvers to reduce their tax bills, including Microsoft ...

Sen. Carl Levins Permanent Subcommittee on Investigations, which has examined the financial meltdown and JPMorgans London Whale debacle, is being urged to launch a probe into Bloombergs snooping scandal, The Post has learned. At least one federal ...

The Senate Permanent Subcommittee on Investigations recently produced a 301-page report on JPMorgan Chase & Co. (NYSE: JPM ) s London Whale Trade fiasco. The Committee's findings should be extremely troubling to investors, politicians, regulators, ...

The chairman of a key House subcommittee said Tuesday that he's optimistic about the chances Congress could pass a bill this year to replace Medicare's payment formula for doctors. Rep. Kevin Brady (R-Texas) said he believes the House is about ...

WASHINGTON Sen. Carl Levin, D-Mich., chairman of the Senate Permanent Subcommittee on Investigations, issued the following statement today after the IRS acknowledged it applied additional scrutiny to certain groups applying for nonprofit status: My ...

Apple Inc will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee on Tuesday, becoming the latest technology company to face questions over its offshore tax practices. In prepared testimony released ahead of Apple ...

Apple, Inc. (Nasdaq: AAPL) today released a statement which will be read by CEO Tim Cook as he, CFO Peter Oppenheimer, and tax operations head Phillip Bullock, head to Washington to testify in front of the Senate Permanent Subcommittee on ...

The House intellectual property subcommittee is preparing to undertake a massive examination — and quite possibly, revision — of the nation's copyright laws just as the panel's top Democrat may be headed for the exit. President Barack Obama has ...