(Bloomberg) Apple Inc. Chief Executive Officer Tim Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes.
Cook and two other executives—including Chief Financial Officer Peter Oppenheimer—appear at 9:30 a.m. Washington time before a Senate panel that yesterday released a report saying the company’s subsidiaries include three entities that have no home country for tax purposes.
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