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Apple CEO Cook Rebuts $9 Billion Tax-Avoidance Claim

Apple Inc. Chief Executive Officer Tim Cook defended his company’s use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.

“We pay all the taxes we owe -- every single dollar,” Cook said in testimony today to the Senate Permanent Subcommittee on Investigations. “We not only comply with the laws, we comply with the spirit of the laws.”