Cook Defending Apple Puts Loophole-Closing Back on Agenda

Cook Defending Apple Puts Loophole-Closing Back on Agenda

Pete Marovich/Bloomberg

Tim Cook, chief executive officer of Apple Inc., testifies at a Senate Permanent Subcommittee on Investigations hearing in Washington, D.C., on May 21, 2013. Cook defended his companyís use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.