#union #iww #occupy #ows #p2 #p21 #tlot #tcot #TeaParty Apple CEO Tim Cook Testifies Before Congress About Offshore Tax Havens http://www.aflcio.org/Blog/Political-Action-Legislation/Apple-CEO-Tim-Cook-Testifies-Before-Congress-About-Offshore-Tax-Havens Apple CEO Tim Cook is appearing before the Senate Permanent Subcommittee on Investigations today to answer charges that his company has avoided paying billions of dollars in taxes through the use of overseas tax shelters and loopholes in the corporate tax code. Loopholes in the tax code allow dozens of U.S.-based corporations to avoid paying taxes, and closing these loopholes is a central issue in the debate in Congress over corporate taxes. Major U.S. corporations are now lobbying Congress to expand these loopholes so they will not have to pay any taxes at all on their overseas corporate prof...