Rand Paul demands Congress ‘apologize’ to Apple for tax avoidance hearing [View all]

[Galraedia]

Source: Raw Story

Sen. Rand Paul (R-KY) on Tuesday lashed out at fellow members of Congress for looking into how technology giant Apple is able to avoid paying billions of dollars in taxes.

The Senate Permanent Subcommittee on Investigations released a report on Monday detailing how Apple had used a network of offshore shell companies in recent year to avoid paying taxes.

At a committee hearing on Tuesday, Paul was livid that Apple CEO Tim Cook was asked to testify.

“I’m offended by a $4 trillion government bullying, berating and badgering one America’s greatest success stories,” the Kentucky Republican told the committee. “Tell me what Apple has done that is illegal?”



Read more: http://www.rawstory.com/rs/2013/05/21/rand-paul-demands-congress-apologize-to-apple-for-tax-avoidance-hearing/

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Rand Paul: America Needs To 'Just Apologize To Apple, Compliment Them For Job Creation'

Rand Paul believes America owes Apple an apology.

“I’m offended by a government that convenes a hearing to bully one of America’s greatest success stories,” Sen. Paul (R-Ky) said during a Senate committee hearing convened to discuss Apple’s tax practices Tuesday. Apple’s CEO Tim Cook is slated to testify in the hearing.

“If anyone should be on trial here, it should be Congress," a fired up Paul told the Senate hearing.

A Senate report released Monday ahead of the hearing found that Apple holds billions of dollars offshore in Irish subsidiaries to avoid paying little or no taxes to any government. For its part, Apple said the company doesn’t use "tax gimmicks” and will pay $7 billion in U.S. taxes in fiscal year 2013.

Paul hailed Apple as a job creator, even saying Congress should give them an award today. Yet, the company's faced criticism for manufacturing its products overseas. In prepared testimony, Apple told the Senate panel that though the company doesn't plan to bring more of its offshore profits to the U.S., Apple would like to do more manufacturing at home, lawmakers said during the hearing. The technology giant vowed last year to make a line of Mac computers in the U.S.

Read more: http://www.huffingtonpost.com/2013/05/21/rand-paul-apple_n_3312875.html


“What we really need to do is just apologize to Apple, compliment them for the job creation they’re doing” ~ Rand Paul

O_o ...wtf?