Tim Cook was grilled by US Senators today over allegations that Apple was the ‘Holy Grail of tax avoidance.’ During the hearing, Cook claimed that the company paid ‘all the taxes we owe. Every single dollar,’ and that its actions were ‘in the letter and the spirit of the law.’
Much of the hearing centred around Apple’s use of three subsidiaries based in Ireland, but not resident in any country for tax purposes. One of those subsidiaries, Apple Operations International, had $30bn allocated to it over the last five years, but hadn’t filed a single tax return in that time, according to Apple’s head of tax, Philip Bullock.
For more breaking news and reviews, subscribe to MacUser magazine. We'll give you
three issues for just £5
