Apple lays out tax plan ahead of congressional hearing
Apple on Monday posted a full testimony the company plans to present to Congress on Tuesday, detailing how and where it pays corporate taxes.
The 16-page document comes a day ahead of when Apple CEO Tim Cook is set to testify before the Senate Permanent Subcommittee on Investigation, which is looking into various tax-avoidance strategies by technology companies.
In its testimony, Apple pitches itself as a job creator, and it notes that it was likely the largest income tax payer in the country last year.
"Apple is likely the largest corporate income tax payer in the US, having paid … Read more