Detailed text transcripts for TV channel - MSNBC - 20130525:15:34:00
On tuesday a powerful senate investigation's sub committee meant to demand answers for the ceo of the most valuable company in the world. apple is based in california in 2012 enjoyed sales of $157 billion. that's $47 billion in profit in just one year. and what the senators wanted cook to explain were the findings from this report. and they pay no u.s. taxes even though the businesses are run from the united states. one subsidiary called it aoi, manages to have no legal tax residents at all. so it doesn't pay taxes to any country. despite polling in $30 billion in revenue in the past four year...
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