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November 16, 2014 8:55 pm18 Views

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WASHINGTON, DC – MAY 21: Apple CEO Timothy Cook gives reporters a thumbs-up after testifying before the Senate Homeland Security and Governmental Affairs Committee’s Investigations Subcommittee about the company’s offshore profit shifting and tax avoidance in the Dirksen Senate Office Building on Capitol Hill May 21, 2013 in Washington, DC. A Congressional report released yesterday said that Apple, America’s most profitable technology company, used a complex system of international subsidiaries and tax avoidance efforts to shift at least $74 billion out of the reach of the Internal Revenue Service between 2009 and 2012. (Photo by Chip Somodevilla/Getty Images)