Sen. Rob Portman, (R-OH), discusses the tech giant's tax policy and explains why corporate tax reform is needed.» Read More
SAN FRANCISCO/ DUBLIN, May 23- Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said. Apple must have seemed attractive to Ireland and to Cork.
WASHINGTON, May 22- For years, Apple Inc kept a low profile in Washington as it grew into one of the most valuable companies in the world.
*Ireland takes rare aim at multinationals' tax rates. Bruton's call for an international clampdown on aggressive tax planning by large corporates is a rare negative shot at a sector that Ireland has courted for decades and underscores the high stakes for Dublin, which faces pressure to act alone.
Sen. Rob Portman, (R-OH), discusses the tech giant's tax policy and explains why corporate tax reform is needed.
Jeffrey Sonnenfeld, Yale School of Management, shares his perspective on Apple's CEO Tim Cook's Senate grilling, and JPM's CEO Jamie Dimon's dual role vote.
Apple CEO Tim Cook remained cool under fire about his company's taxes. John Berlau, Competitive Enterprise Institute; Edward Kleinbard, USC law professor, provide perspective.
Find out what The Wall Street Journal's Jon Hilsenrath thinks Bernanke will say before Congress on Wednesday.
Senator Rand Paul (R-KY) said he thinks the committee should apologize to Apple as the tech giant's CEO Tim Cook was testifying on tax code, reports CNBC's Eamon Javers. David Selig, Selig & Associates Federal Tax Practitioner, discusses.
Apple CEO Tim Cook is testifying on Capitol Hill today as Senate investigators accuse the tech giant of using a complicated system to shield billions of dollars in overseas profits. CNBC's Eamon Javers has the details.
Sen. Rob Portman (R-OH) says we have to reform the tax code, and asks Apple CEO Tim Cook about how much money Apple spends on tax compliance efforts.
Sen. Kelly Ayotte (R-NH) asks Apple's CEO Tim Cook about simplifying the tax code and what it would mean for keeping the U.S. competitive in business.
*Home Depot raises outlook, shares hit record intraday high. *JPMorgan shares hit highest since February 2001. NEW YORK, May 21- U.S. stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke.
Sen. Claire McCaskill (D-MO) asks Apple's CEO Tim Cook what prevents his company from moving to another country, and Sen. Ron Johnson (R-WI) asks Cook about taxes paid to other countries.
Senator John McCain (R-AZ) asks Apple CEO Tim Cook whether one could draw the conclusion that Apple has an unfair advantage over domestic-based corporations and companies in the U.S. that don't have the same ability to relocate overseas, and why AOI exists.
Sen. Carl Levin, (D-MI), questions Tim Cook, Apple CEO, and Phillip Bullock, Apple's head of tax operations about whether income from Apple Sales International and AOI is paid in the United States or Ireland.
Sen. Carl Levin, (D-MI), swears in Apple's CEO before a Senate committee hearing on tax reform. Cook defends his company's stand on tax repatriation, adding Apple complies with the letter and spirit of the tax law and does not use "tax gimmicks."
Tim Cook smiled as he arrived to give testimony before a Senate committee, reports CNBC's Eamon Javers. And Sen. Rand Paul (R-KY) and Sen. Carl Levin (D-MI) disagree on whether Congress should apologize for "bullying" one of America's "greatest success stories."
WASHINGTON, May 21- Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.
*Home Depot raises outlook, shares jump. NEW YORK, May 21- U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.
Tim Cook testifies before a Senate panel proposing tax changes that would overhaul the corporate tax code, reports CNBC's Eamon Javers & Jon Fortt. And, Carly Fiorina, former HP chairman & CEO; and William George, Harvard Business School professor, discuss what this means for Apple and other corporations.