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Tag: Senator Carl Levin

U.S. companies now have $2.1 trillion overseas to avoid corporate taxes

Wednesday, March 4, 2015 8:32 am29 Comments

“Microsoft Corp., Apple Inc., Google Inc. and five other tech firms now account for more than…

Americans’ interest in hiking corporate taxes wanes slightly

Thursday, February 5, 2015 9:57 amThursday, February 5, 201518 Comments

Back in 2008, when gas prices hit $4 per gallon for the first time…

Intel CFO: Obama repatriation tax proposal ‘lipstick on a pig’

Wednesday, February 4, 2015 8:18 pm24 Comments

We need fundamental tax reform that helps companies…

U.S. Congress, Obama take Apple CEO Cook’s advice, eye corporate tax changes

Tuesday, February 3, 2015 2:26 pmTuesday, February 3, 201524 Comments

When quizzed about its tax practices, Apple CEO Tim Cook told a Senate subcommittee…

Obama targets foreign profits with tax proposal, Republicans skeptical

Monday, February 2, 2015 8:30 amMonday, February 2, 201570 Comments

Obama will call for a one-time, 14 percent tax on an estimated $2.1 trillion…


Senator Rand Paul finds Democratic partner for tax repatriation holiday

Friday, January 30, 2015 8:35 amFriday, January 30, 201551 Comments

Under current law, U.S. companies must pay the full 35 percent tax rate….

As Burger King eyes moving to Canada over U.S. corporate taxes, Apple, Google, Microsoft have it their way, too

Tuesday, August 26, 2014 9:58 amTuesday, August 26, 2014116 Comments

The U.S. corporate tax rate is obviously way too high…

IS Apple’s tax bill about to get much, much bigger?

Monday, June 23, 2014 1:00 pmMonday, June 23, 201421 Comments

On June 10th, the European Commission announced that it would launch a formal investigation…

EU threatens expanded probe into Ireland’s tax practices regarding Apple, Googles, other companies

Friday, June 20, 2014 4:03 pmSaturday, June 21, 20147 Comments

The European Commission has told Ireland it may investigate more companies…

EU’s investigation of Apple’s taxes isn’t going to cause the company any problems

Friday, June 13, 2014 1:57 pmFriday, June 13, 201410 Comments

No worries…

U.S. Senate weighs corporate tax repatriation holiday to help fund highway repairs

Wednesday, June 11, 2014 12:01 pmWednesday, June 11, 201441 Comments

The plan would give companies a one-time reduction in the amount of taxes they pay on profits earned abroad…

EU launches tax avoidance investigations on Apple, Starbucks, Fiat

Wednesday, June 11, 2014 9:54 amWednesday, June 11, 201415 Comments

Apple said on Wednesday it has not received any selective tax treatment…

Jack Welch: U.S. does not have a rational tax policy

Tuesday, April 29, 2014 4:22 pmTuesday, April 29, 201465 Comments

Losing American corporations to overseas countries with lower corporate taxes would be a sin…

Apple’s offshore accounting vs. the SEC, Congress and the IRS

Friday, April 11, 2014 5:33 pmFriday, April 11, 201495 Comments

The Security and Exchange Commission is serious about going after Apple’s off-shore cash…

Is the 35% U.S. corporate tax rate hurting America’s economy?

Wednesday, April 9, 2014 9:28 amWednesday, April 9, 2014116 Comments

The U.S.A. has the highest nominal corporate tax rate among the developed economies…

Caterpillar likely to get GOP support on corporate tax Senate subcommittee dog and pony show

Friday, March 28, 2014 9:00 amThursday, March 27, 201425 Comments

Caterpillar Inc. is likely to get some Republican support Tuesday when the giant maker…

Cash abroad rises $206 billion to $1.95 trillion as Apple to IBM practice tax avoidance

Wednesday, March 12, 2014 8:34 amWednesday, March 12, 201448 Comments

The largest U.S.-based companies added $206 billion to their stockpiles…

Not in Taxes anymore: On site at Apple’s famous Irish ‘headquarters’

Saturday, November 2, 2013 10:12 amSaturday, November 2, 201364 Comments

The biggest technology company on Earth has a sizable portion…

Senators Levin, McCain say Ireland faces questions even as Apple tax loophole tightened

Wednesday, October 16, 2013 9:11 am27 Comments

Senator John McCain said Ireland still faces questions on how corporations…

Ireland to close Apple’s tax loophole, but leave bigger one open

Tuesday, October 15, 2013 3:00 pmTuesday, October 15, 20138 Comments

Ireland said on Tuesday it planned to shut down a much-criticized tax arrangement…

Don’t blame Apple: U.S. corporate tax policies drive companies overseas

Tuesday, June 11, 2013 5:01 pmTuesday, June 11, 201325 Comments

The U.S. needs a reduced corporate tax rate…

Ireland in letter to Senators Levin and McCain: We did not cut any special tax deals for Apple

Friday, May 31, 2013 5:31 pmFriday, May 31, 201318 Comments

Ireland says it didn’t cut any special tax deals with Apple…

Thomas Sowell on Apple, corporate taxes, and ‘the road to serfdom’

Tuesday, May 28, 2013 5:12 pm82 Comments

We have truly entered the world of ‘Alice in Wonderland’ when the CEO of a company…

Apple CEO Cook makes no apology for company’s tax strategy

Wednesday, May 22, 2013 1:01 pmWednesday, May 22, 201316 Comments

Apple Inc Chief Executive Tim Cook made no apology on Tuesday…

Apple CEO Tim Cook charms Capitol Hill

Wednesday, May 22, 2013 11:42 am24 Comments

By the time Mr. Cook walked out, the big cats on a Senate committee were practically eating out of his hand…

Rush Limbaugh: ‘High-tech lynching: Senate attempts to crucify Apple’

Tuesday, May 21, 2013 10:11 pmTuesday, May 21, 201386 Comments

Apple is to the United States government what Clarence Thomas was to the civil rights coalition…

Nobody on U.S. Senate committee laid a glove on Apple CEO Tim Cook

Tuesday, May 21, 2013 4:33 pmTuesday, May 21, 201341 Comments

It was with some trepidation that Apple investors tuned in…

Senator Rand Paul: Senate committee ‘should apologize to Apple for bullying one of America’s greatest success stories’ (with video)

Tuesday, May 21, 2013 2:45 pmTuesday, May 21, 201370 Comments

U.S. Senator Rand Paul (R-KY) attends the Homeland Security and Government Affairs Subcommittee hearing…

Ireland: We have no special tax rate deal with Apple

Tuesday, May 21, 2013 12:35 pm13 Comments

There is no deal for any company to pay 2 percent corporate tax in Ireland…

Apple prepares for Washington onslaught: CEO Tim Cook isn’t taking any chances with senators looking to grandstand

Tuesday, May 21, 2013 11:03 am65 Comments

Apple isn’t taking any chances with senators looking to embarrass CEO Tim Cook…

Watch Apple CEO Tim Cook’s live testimony before U.S. Senate, starting at 9:30am EDT

Tuesday, May 21, 2013 9:00 amTuesday, May 21, 201366 Comments

Apple CEO Tim Cook goes before a Senate Permanent Subcommittee on Investigations…

U.S. Senate investigation found no evidence that Apple did anything illegal in avoiding taxes

Monday, May 20, 2013 11:18 pmMonday, May 20, 201389 Comments

The investigation found no evidence that Apple did anything illegal..

Apple’s U.S. tax fallout set to have global impact

Monday, May 20, 2013 9:25 pmMonday, May 20, 201351 Comments

The clamour surrounding Apple’s tax affairs in Washington on Monday…

Hagens Berman investigating Apple Inc., others regarding tax-avoidance schemes; seeks whistleblower information

Monday, May 20, 2013 8:55 pmMonday, May 20, 201355 Comments

Watch how the U.S.’s largest corporate taxpayer will be vilified…

Grandstanding U.S. Senate panel expected to castigate Apple CEO Tim Cook for leading U.S.’s largest corporate income taxpayer

Monday, May 20, 2013 5:23 pmMonday, May 20, 201376 Comments

Members of the United States Senate are expected to sharply criticize Apple’s global tax tactics…

Republican Senator Coburn ‘livid’ over New York Times’ report about Apple taxes

Tuesday, May 1, 2012 5:41 pmTuesday, May 1, 201263 Comments

Sen. Tom Coburn said Tuesday that he was ‘livid’ about a New York Times report…

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