“Sen. Tom Coburn said Tuesday that he was ‘livid’ about a New York Times report that described how tech giant Apple has legally evaded billions of dollars in corporate taxes each year,” Darius Dixon reports for Politico. “‘Absolutely, I’m livid about that,’ the Oklahoma Republican said of his frustration with Apple on MSNBC’s ‘Morning Joe.’”
“‘First of all, we have a tax code. Why should Apple pay at 10 percent and some other company that can’t export their technology… why are they paying 35 percent?’ he said. ‘What’s happening to us right now on our system is everybody that’s really successful worldwide is keeping their capital out of here and that capital is being invested somewhere other than America,’” Dixon reports.
Dixon reports, “Coburn also said that he will work with Sen. Carl Levin (D-Mich.), a senior member of the Small Business and Entrepreneurship Committee, to study tax havens.”
Dixon reports, “On Sunday, The New York Times reported that Apple had evaded billions of dollars in corporate taxes by setting up subsidiaries in low-tax or tax-free states and countries around the world.”