Apple Accused of Avoiding More Taxes than It Pays

at 9:00 AM
 (Chip Somodevilla/Getty Images)

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.

Interview Highlights

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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