I think it is absolutely HILARIOUS that Apple has been called in to testify by many of the very people that they support politically and financially. I love how they are called out on the carpet for using current tax law to legally minimize their taxes. Dont we all do that? Did you send any extra money to the IRS this year 'just because'?
I hope Tim Cook listened to who actually came to their defense and rethinks Apples political alliances:
"I'm offended by the spectacle of dragging in executives from an American company that is not doing anything illegal.......If anyone should be on trial, it should be Congress.....Instead of doing the right thing, we drag businessmen and women in here to berate them for trying to maximize their profits for shareholders........Apple has done more to enrich people's lives than politicians will ever do." - Senator Rand Paul
Rand Paul Blasts His Colleagues, And Says It's Outrageous That Apple Is Being Harassed About Its Taxes
"Frankly, I'm offended by the tone and tenor of this hearing," Paul said, laying into those who take issue with Apple's tax policies.
"I'm offended by the spectacle of dragging in executives from an American company that is not doing anything illegal," he added. "If anyone should be on trial, it should be Congress."
Apple CEO Tim Cook is testifying before the Senate Permanent Subcommittee on Investigations this morning to defend the company from accusations that it avoids tax payments by shifting profits to offs**** subsidiaries in Ireland.
Michigan Democratic Sen. Carl Levin, the chair of the subcommittee, said Monday that he has "never seen anything like" Apple's tax "gimmickry."
Paul took issue with the premise of Tuesday's hearing, however, and called on the Senate to stop "harassing" Apple, which he called one of "America's greatest success stories."
"Instead of doing the right thing, we drag businessmen and women in here to berate them for trying to maximize their profits for shareholders," Paul said. "Apple has done more to enrich people's lives than politicians will ever do."
Read more: http://www.businessinsider.com...2013-5#ixzz2U4GHrM5c