Apple's Cook: U.S. Tax Code Handicaps Companies

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May 21 (Bloomberg) -- Tim Cook, chief executive officer of Apple Inc., said the iPhone maker doesn't use "gimmicks" to avoid taxes. Cook, testifying before the Senate Permanent Subcommittee on Investigations in Washington, said the current U.S. tax code "handicaps" American companies. (This is an excerpt from the hearing. Source: Bloomberg)

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