TODAY

TODAY   |  May 21, 2013

Apple under scrutiny for holding cash overseas

Apple CEO Tim Cook testifies before a Senate committee Tuesday about the company’s tax strategies. Senate investigators reported Monday that the company holds more than $100 billion in cash overseas to avoid U.S. income taxes.

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>>> apple's ceo tim cook testifies before a senate committee about the company's tax strategies. investigators reported apple holds more than $100 billion in cash overseas to avoid u.s. income taxes . it said an irish subsidiary that earned $22 billion in 2011 paid only $10 million in taxes. apple pays all of its required taxes and complies with both the law and the spirit of the