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Thu, May 23, 2013 -- 9:00 AM

Apple Accused of Avoiding More Taxes than It Pays


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Chip Somodevilla/Getty Images
Apple CEO Tim Cook Testifies At Senate Hearing On U.S. Tax Code in the Dirksen Senate Office Building on Capitol Hill May 21, 2013 in Washington, DC.
Chip Somodevilla/Getty Images
Apple CEO Tim Cook Testifies At Senate Hearing On U.S. Tax Code in the Dirksen Senate Office Building on Capitol Hill May 21, 2013 in Washington, DC.

A U.S. Senate subcommittee this week accused Apple of exploiting loopholes and creating stateless foreign subsidiaries to avoid paying $9 billion in U.S. taxes last year. Yet the panel stopped short of alleging the company did anything illegal. We examine Apple's actions, the ethics of corporate tax dodging and whether the system should be reformed.

Host: Dave Iverson

Guests:

  • Jesse Drucker, investigative reporter for Bloomberg News
  • Joseph Grundfest, William A. Franke Professor of Law and Business, and Senior Faculty, Rock Center on Corporate Governance, Stanford Law School

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