Member Statements

•  CARL LEVIN D (MI)
  Download Statement (53.5 KB)
  
•  JOHN McCAIN R (AZ)
  Download Statement (77.7 KB)
  

Agenda

The Permanent Subcommittee on Investigations held a hearing, “Offshore Profit Shifting and the U.S. Tax Code - Part 2 (Apple Inc.)” on Tuesday, May 21, 2013, at 9:30 a.m. in Room 106 of the Dirksen Senate Office Building.

The Subcommittee continued its examination of the structures and methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code and related regulations. Witnesses included representatives from the Department of the Treasury, the Internal Revenue Service, representatives of Apple Inc., and tax experts. 

Witnesses

PANEL 1

• J. RICHARD HARVEY

  Villanova University School of Law

  Villanova, PA
  Download Testimony (684.2 KB)
  
• STEPHEN E. SHAY

  Harvard Law School

  Cambridge, MA
  Download Testimony (133.7 KB)
  

PANEL 2

• TIMOTHY D. COOK

  Chief Executive Officer

  Apple, Inc.

  Cupertino, CA
  Download Testimony (62.8 KB)
  
• PETER OPPENHEIMER

  Senior Vice President & Chief Financial Officer

  Apple, Inc.

  Cupertino, CA
  Download Testimony (62.8 KB)
  
• PHILLIP A. BULLOCK

  Head of Tax Operations

  Apple, Inc.

  Cupertino, CA
  Download Testimony (62.8 KB)
  

PANEL 3

• MARK J. MAZUR

  Assistant Secretary for Tax Policy

  U.S. Department of the Treasury

  Washington, DC
  Download Testimony (62.6 KB)
  
• SAMUEL M. MARUCA

  Director, Transfer Pricing Operations, Large Business & International (LB&I;) Division

  Internal Revenue Service

  Washington, DC
  Download Testimony (41.6 KB)