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CNN Your Money May 25, 2013 18:09:00

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. ....

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