Open Congress : News Articles for Sen. Carl Levin [D, MI]

Lawmakers grill Apple execs over tax strategy

2013-05-22T01:00:00Z

...has not paid, thanks to offshore tax strategies whose purpose is tax avoidance, pure and simple," said subcommittee chairman Carl Levin (D-Mich.) during the hearing. The hearing came one day after the subcommittee released a blistering report that detai

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Jim Inhofe and the “reverse NIMBY” phenomenon

2013-05-21T01:00:00Z

...wants to pour money on it” and likened the bill to a slush fund. Oklahoma Sen. Jim Inhofe, right, talks with Michigan Sen. Carl Levin. Tuesday morning, in the wake of a massive tornado that destroyed the town of Moore, Oklahoma and left dozens dead ,

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Tim Cook: Apple Doesn't Use 'Tax Gimmicks'

2013-05-21T01:00:00Z

...understand how offshore tax loopholes raise their tax burden, add to the federal deficit and ought to be closed," said Sen. Carl Levin (D-Mich.) in a statement preceding the hearing. Cook himself used the opportunity to propose tax reforms that are reve

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Senators Turn Tim Cook's Hearing into a Genius Bar Visit

2013-05-21T01:00:00Z

...rep for the Arizona Republican, it wasn't the first or last time a Senator wanted to talk about his own Apple products. Sen. Carl Levin, Democrat of Michigan, outed himself as an iPhone owner — "I have an iPhone in my pocket" — later segued into tec

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Lawmakers lambaste Apple's tax strategy as "outrageous"

2013-05-21T01:00:00Z

...to testify before a Senate subcommittee, Apple portrayed as exploiting loopholes to escape paying its fair share. U.S. Sen. Carl Levin (D-MI) (L), Chairman of the Senate Investigations Subcommittee, and U.S. Sen. John McCain (R-AZ) (Credit: Getty Images

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Apple CEO Tim Cook stands up to senators on company's tax policies

2013-05-21T01:00:00Z

...of the tax code. best interests of its shareholders. Chairman of the Permanent Subcommittee on Investigations US Senator Carl Levin holds up his Apple iPhone as he questions Apple Chief Executive Officer Tim Cook (not seen) about "offshore profit shifti

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Apple's tax strategy portrayed by Senate subcommittee as a unique 'absurdity'

2013-05-21T01:00:00Z

...exploiting an absurdity, one that we have not seen other corporations use. And the absurdity need not continue." U.S. Sen. Carl Levin But in the U.S., tax laws are based on where a company is incorporated, rather than where it is managed and controlled

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Is Carl Levin or Rand Paul Right on Apple's Tax Avoidance?

2013-05-21T01:00:00Z

...the laws and spirit of the laws. And Apple pays all its required taxes, both in this country and abroad." Democratic Sen. Carl Levin of Michigan, chairman of the Senate subcommittee, called tax avoidance strategies like that being employed by Apple "gim

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Apple's 'Complex Web' Helped It Avoid taxes, Panel Finds

2013-05-21T01:00:00Z

...for the past five years." "Apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven," said Sen. Carl Levin, D-Mich., who chairs the panel. "Apple sought the Holy Grail of tax avoidance. It has created offshore entities holding te

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Apple called international tax dodger

2013-05-21T01:00:00Z

...It has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere," said Sen. Carl Levin , D-Mich., chairman of the Senate Permanent Subcommittee on Investigations. Two of Apple's subsidiaries, the Times said

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Senate investigators: Apple avoided $44 billion in taxes

2013-05-20T01:00:00Z

...understand how offshore tax loopholes raise their tax burden and how those loopholes add to the federal deficit,” said Sen. Carl Levin (D-Mich.), the chairman of the Permanent Subcommittee on Investigations. The panel initiated the probe with the back

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Senate Probe Finds Apple Avoids Billions in Taxes

2013-05-20T01:00:00Z

...code. “It’s like saying you haven’t shifted the golden eggs offshore after you transferred the golden goose offshore,” Sen. Carl Levin of Michigan, chairman of the committee, told reporters late today at the Capitol. The Senate committee, which

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Apple Stock Valuation ‘Crazy’: Former CEO Sculley

2013-05-20T01:00:00Z

...out with a very clear story for its developers," he said. Sculley also responded to an afternoon news conference by Sen. Carl Levin, D-Mich., who called out Apple for its tax shelters a day ahead of CEO Cook's appearance before a Senate subcommittee. "I

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Apple Pays No Tax on Much of Its Overseas Income, Senate Panel Finds

2013-05-20T01:00:00Z

...investigation into the technology giant’s tax practices by the Senate Permanent Subcommittee on Investigations, led by Sen. Carl Levin (D., Mich.) and Sen. John McCain (R., Ariz.). Along with original content and posts from across the Dow Jones networ

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Apple avoided billions in taxes

2013-05-20T01:00:00Z

...billion in profits since 2009. “Apple wasn’t satisfied with shifting its profits to a low-tax offshore tax haven,” said Sen. Carl Levin, D-Mich., chairman of the Senate Permanent Subcommittee on Investigations. “Apple sought the holy grail of ta

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Apple dodged paying billions in taxes, subcommittee says

2013-05-20T01:00:00Z

...environment, emphasizing a lower corporate tax rate and a simplified tax code." The subcommittee, which is led by Sen. Carl Levin and Sen. John McCain, has been conducting a lengthy investigation into Apple's alleged tax-avoidance strategies. With its s

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U.S. Sen. Carl Levin: 'Apple sought the Holy Grail of tax avoidance'

2013-05-20T01:00:00Z

...Carl Levin had some serious words today for one of the most beloved tech companies. "Apple sought the Holy Grail of tax avoidance," the Michigan Democrat said. "It has created offshore entities holding tens of billions of dollars, while claiming to be a

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Ken Braun: In some ways it was better when voters didn't choose U.S. Senators

2013-05-19T01:00:00Z

...former co-worker - AT&T of Michigan president Jim Murray - is kicking around the idea of chasing the GOP nomination to replace Carl Levin, Michigan’s long-serving and soon-to-retire Democratic U.S. Senator. Jim was the deputy chief of staff to the Mic

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Apple CEO Cook to press for simplified corporate tax laws

2013-05-19T01:00:00Z

...U.S. companies that collectively holds about $1.7 trillion in earnings overseas, avoiding U.S. taxes on that income, said Sen. Carl Levin, D-Mich., who chairs the investigations subcommittee, at a hearing in September. Cook will be accompanied at the he

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The poor, bullied, victimized Mackinac Center

2013-05-18T01:00:00Z

...intimidation two powerful Michiganians have engaged in. In letters to then-IRS Commissioner Doug Shulman in 2012, Sen. Carl Levin joined several Democratic colleagues in repeatedly pressing the agency to investigate the tax-exempt status of conservative

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