Senators Says Apple is One of America's Largest Tax Avoiders
Billions of dollars not paid
Apple has been accused of being "among America's largest tax avoiders".
A Senate committee said Apple had used "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes. But it said there was no indication the firm acted illegally.
Apple chief Tim Cook will go before the panel on Tuesday. In prepared testimony Apple said it did not use tax gimmicks.
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Tax avoidance is perfectly legal. Stuff it, senators, and cut spending.