Hoping To Raise Money From Tech Industry, Rand Paul Defends Apple’s Tax Dodging
Sen. Rand Paul (R-KY) vociferously defended Apple during a Senate hearing on Tuesday, as the tech giant fought against accusations that it used foreign subsidiares to dodge billions of dollars in taxes. The Tea Party favorite, who is openly considering a 2016 presidential bid, accused the government of “bullying” Apple and issued a personal apology to its executives.
Apple CEO Tim Cook appeared before a Senate Permanent Subcommittee on Investigations one day after Congressional investigators revealed that Apple avoided paying $2.4 billion in taxes in 2011 alone.
“I’m offended by the spectacle of dragging in Apple executives,” Paul said. “What we need to do is apologize to Apple and compliment them for the job creation they’re doing…Apple hasn’t broken any laws, yet Apple is forced to sit through a show trial,” he said. Watch some highlights:
full article + video
http://thinkprogress.org/politics/2013/05/21/2043531/hoping-to-raise-money-from-tech-industry-rand-paul-defends-apples-tax-dodging/
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