At Senate Hearing, Apple's Cook Defends Taxes

Facing down blistering criticism on Capitol Hill that Apple sidestepped billions of dollars in taxes, the company’s chief executive, Timothy D. Cook, carefully defended Apple’s record, rejecting any suggestion of misconduct but avoiding clashes with skeptical legislators. Rather than taking unfair advantage of what Congressional investigators say are a host of tax code loopholes, Mr. Cook said his company was actually a victim of an outdated tax system.