hundreds, thousands of loopholes for companies and companies don't pay those top tax rates including apple. this week a senate committee grilled apple ceo tim cook on the company's tax practices. the committee wrote a scathing report that found apple uses subsidiaries in ireland to avoid paying taxes, all legal because of all of these books behind me. senator john co-authored the report. >> america's tax system is broken and uncompetitive and i have long supported efforts to modernize it. however, i will not allow that position to be used as an excuse to turn a blind eye to the highly questionable tax strategies used by apple. >> apple ceo tim cook defended his company. >> we pay all of the taxes we owe every single dollar. we not only comply with the laws, but we comply with the spirit of the law.