Just don't tax it that way.
Sent from my iPhone
Except that the Top 30 companies according the recent study reported by Levin pay no income tax (on foreign derived income?) while everyone else pays the burden. We have to further cut spending and raise revenues but raising revenues comes at the burden of ordinary US taxpayers while large multinationals find creative (and legal) ways to skirt this issue.
Lower corporate tax (from 35% - way too high to be competitive in global landscape) and close loopholes
I was against Cook doing this also, but fortunately they were prepared and Rand Paul shone a light on the stupidity of Congress and the "Inquisition".
I think that at some point before the hearing began, Levin found out that Apple actually employs about 4000 people in Ireland and so decided it would be better if Apple wasn't given the opportunity to correct him in public.
And Mr McCain, if you have a problem with how many times your iPhone updates applications then write an email to Apple's feedback address; don't bring it up at a senate hearing.
Any objective individual should be able to aknowledge, in spite of the anti-Apple hit pieces published daily, that Tim Cook has had a phenomenal record since becoming CEO, in terms of Apple's overall performance and sales. All the metrics demolish anything in Apple's history. The lowest metric is the stock price (which has little to do with performance) and even that is currently $60 higher than when Cook became CEO. If you're referring to dissapointment with new products/innovations, lets just wait until June 11th to see what Apple's been up to. It's also useful to keep in mind that 2012 saw probably the busiest product release schedule in Apple's history.