Apple Tax Expert Testimony: McCain Pulls No Punches With Apple, Saying They Violated "the Spirit of the Law"

Senator Tom Caper (D-Del.) took the questioning to the Simpson Bowles tax reform proposal, a topic that is only obliquely related to the Apple tax problem supposed to be discussed today. Such drift is often made during such committee testimony, with legislators bringing in their pet topics.

Senator John McCain (R-Ariz.) went straight for the jugular, making the claim that Apple’s tax policy reflected a system that fundamentally disadvantaged domestic businesses over multinational corporations.

McCain described again the Apple tax system, noting how Apple divided the world into two parts in order to take advantage of tax loopholes

McCain made the strong statement that Apple “has violated the spirit of the law if not the letter of the law.” He did not leave Congress out of the blame, saying that they should take action on these tax loopholes.

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Gabriel Rodriguez

Gabriel Rodriguez is currently studying for a Masters in Applied Economics at Georgetown. He is a graduate of New College of Florida with a degree in Economics. He is interested in econometrics, statistical analysis, behavioral economics, and developmental economics.

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