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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.
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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.
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CNBC's John Harwood reports IRS acting commissioner Steven Miller said he was "not politically motivated in targeting conservative groups" today on the Hill.
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Discussing the state of the global markets, what the vote for Jamie Dimon means for JPMorgan and the tax code, with Henry McVey, KKR.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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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.
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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.
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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.
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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.
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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.
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WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and did not deliberately mislead lawmakers last year when they did not reveal the practice.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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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.
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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.
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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."
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Apple tax head Phillip Bullock told the Senate Permanent Subcommittee on Investigations on Tuesday that one of those companies, Apple Operations International, though it was functionally managed in the United States, had not submitted a tax return anywhere for five years.
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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.
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LINCOLN, Neb.-- Lawmakers on Monday rejected an attempt to repeal a new Nebraska law that lets cities raise their local option sales tax rates as long as they secure voter approval. He also voiced opposition to a provision that allows the city of Lincoln to use some of the revenue for private development projects.
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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.
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*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. CORK/ DUBLIN, May 21- Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.
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Apple Operations International, Apple Sales International and Apple Operations Europe, through which much of the group's overseas income flows, are all incorporated in Ireland but are not deemed to be tax resident there, the Senate's Permanent Subcommittee on Investigations said.