Sen. Levin's Crackdown On Apple

May 24 (Bloomberg) -- After accusing Apple of stashing cash overseas, what will Michigan Senator Carl Levin do about it? In an interview with Peter Cook on Sunday's Bloomberg Government's "Capitol Gains", Levin calls the results of his Apple investigation "stunning". The Democrat says tax breaks allowing companies to shift profits to offshore tax havens are not "defensible", and says a bill closing those "unjustified" loopholes would win bipartisan support in the Senate. Levin also discusses the outlook for broader corporate tax reform. (Source: Bloomberg)
Three Things That Are Moving Today's Markets
41:25 - Hirtle Callaghan CEO Jonathan Hirtle and Bloomberg Market's Tracy Alloway discuss today's market movers. They speak on “Market Makers.” (Source: Bloomberg)
  • China at 6% Growth Is Still Massive: McGuire
  • AMD 2Q Sales to Be Less Than Forecast
  • Opportunities Exist in Puerto Rico Debt: Gottlieb