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Senate panel hammers Apple over offshore tax strategies

  WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.Full story

Apple's Cook to face Senate questions on taxes

A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes by using a cluster of affiliates located outside the United States and is prepared to question its chief executive Tuesday about the "loopholes." Full story

Ireland rejects blame for Apple's low tax rate

  CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries. Full story

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Related Photos

Tim Cook
  Tim Cook

FILE - In this Wednesday, Sept. 12, 2012, file photo, Apple CEO Tim Cook speaks following an introduction of the new iPhone 5 in San Francisco. Apple is emerging as a gentler, cuddlier corporate citizen in the year after the death of CEO and co-founder Steve Jobs. CEO Tim Cook's announcement that th

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland
Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland

ATTENTION EDITORS CORRECTED CAPTION - CORRECTING DATEApple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland in this October 6, 2011 file photo. Ireland said on May 21, 2013 it was not to blame for Apple Inc's low global tax payments after the