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Apple case could plant seeds for tax reform

Some want to close loopholes or cut rates

8:12 PM, May 22, 2013
Apple CEO Tim Cook was grilled Tuesday over allegations that the company's Irish subsidiaries help it avoid billions in U.S. taxes.
Apple CEO Tim Cook was grilled Tuesday over allegations that the company's Irish subsidiaries help it avoid billions in U.S. taxes.
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Now that tech favorite Apple Inc. has been dragged front and center into the debate over tax law, lawmakers hope the spotlight on such a high-profile company could be the catalyst for Congress to close loopholes or reform the U.S. tax code.

At a hearing Tuesday, members of the Senate Permanent Subcommittee on Investigations grilled Apple CEO Tim Cook over allegations that the company's Irish subsidiaries help it avoid billions in U.S. taxes. It was a moment of high drama, a CEO of the world's most valuable company testifying before Congress for the first time. Cook did so voluntarily. And he ...

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If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports