Apple CEO defends tech giant's tax practices
May 22 -- A Senate inquiry into Apple 's (AAPL) tax strategies that culminated in Apple CEO Tim Cook's appearance at a congressional hearing Tuesday has uncovered some questionable practices that raised the ire of certain senators. But it's unlikely to have any significant implications for the company or even for the tax code, tax law experts said.
Apple may face some heightened scrutiny from the Internal Revenue Service , but isn't likely to face legal actions as a result, the experts said...
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Apple CEO defends tech giant's tax practices
Sen. John McCain, R-Ariz, charged at the hearing that Apple's tax practices violated the spirit of the law and, in a statement Monday, called them "highly questionable."
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