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Is Apple in trouble? A US Senate panel on Monday, May 20, said Apple avoided paying billions in taxes by using foreign firms, many of which had “no declared tax jurisdiction.” The panel has called Apple employees, including CEO Tim Cook to testify on Tuesday, May 21, as the US government investigates tactics Apple and other companies take to avoid paying taxes in America. Cook, meanwhile, told The Washington Post that we would make proposals to lawmakers that would make is easier for companies to repatriate offshore profits.
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