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Tim Cook testifies for Congress about tax avoidance

“There’s a disconnect between how Apple CEO Tim Cook sees his company’s tax strategies and how some members of the US Senate view it. That became clearer than ever today after Cook and two other Apple executives testified before Congress, explaining why they’re holding most of their international income in Irish subsidiaries like Apple Operations International, which declare no tax residency anywhere in the world. AOI hasn’t filed a tax return anywhere in the world for the last five years, yet it earned $30 billion in income from 2009 to 2012, according to a Senate report released yesterday.” Just because something is legal, doesn’t mean it’s just. Apple, Google, Microsoft, and many more – these companies might not be breaking any laws, but it’s obvious to anyone that what they are doing is scummy.

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