Offshore Profit Shifting and the U.S. Tax Code – Part 2 (Apple Inc.)

The Permanent Subcommittee on Investigations held a hearing, “Offshore Profit Shifting and the U.S. Tax Code – Part 2 (Apple Inc.)” on Tuesday, May 21, 2013, at 9:30 a.m. in Room 106 of the Dirksen Senate Office Building.

The Subcommittee continued its examination of the structures and methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code and related regulations. Witnesses included representatives from the Department of the Treasury, the Internal Revenue Service, representatives of Apple Inc., and tax experts.