Apple CEO Tim Cook praying that he can still write the IRS tax code that makes it easy to avoid paying taxes.

According to a Senate hearing today, Apple is holding 102 billion dollars in offshore accounts that it refuses to pay taxes on. It’s a sorry state of affairs when we find ourselves actually agreeing with John McCain. From the BBC…

John McCain said: “Apple claims to be the largest US corporate taxpayer, but by sheer size and scale, it is also among America’s largest tax avoiders.”

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BBC News – Apple among largest tax avoiders in US – Senate committee.