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-   -   Apple shares executives' opening statements from US Senate testimony (http://forums.macnn.com/112/mac-news/500811/apple-shares-executives-opening-statements-us/)

 
NewsPoster May 21, 2013 06:15 PM
Apple shares executives' opening statements from US Senate testimony
Apple has posted the opening statements two of its executives -- CEO Tim Cook (<a href="http://images.apple.com/pr/pdf/timcookopeningstatement.pdf">PDF</a>) -- and CFO Peter Oppenheimer (<a href="http://images.apple.com/pr/pdf/oppenheimeropeningstatement.pdf">PDF</a>) -- made during their <a href="http://www.macnn.com/articles/13/05/21/chairman.believes.apple.exploiting.absurdity.of.ta x.laws/">testimony in front of the US Senate</a> earlier today. The documents don't reveal anything new, but do constitute a record of Apple's stance during the Senate hearing. "We pay all of the taxes we owe -- every single dollar. We not only comply with the laws, but we comply with the spirit of the laws," Cook's statement reads.<br /><br />Apple is accused of setting up "ghost" corporations in Ireland to avoid paying US taxes. The subsidiaries are cost-sharing arrangements, which Apple insists help to fund research and development, and ultimately create new jobs in the US. Politicians have complained that even though such kinds of arrangements are legal, they can deprive the US government and public of badly-needed tax revenue.
 
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