Senators who convened a hearing Tuesday say Apple uses a 'scheme' to avoid paying its full share of US taxes. Sen. Rand Paul disagrees and called the hearing a 'theater of the absurd.'
Sen. Rand Paul (R) of Kentucky thinks the US Senate is “bullying” Apple Inc. That’s what he said Tuesday during a hearing on Apple’s tax-avoidance strategies, in any case.
The Senate Permanent Subcommittee on Investigations convened the hearing to investigate charges that the iconic producer of the iPhone and iPad has kept its taxes low in recent years by in essence parking overseas profits in the middle of the ocean.
Senator Paul said that as far as he could tell Apple had done nothing illegal. The firm had simply taken advantage of the complexities of the US and foreign tax codes, he said.
He complained that instead of celebrating the firm’s success, senators were “dragging in” Apple executives and berating them.