I’m ready for this guy to run for President.
“I’m offended by the spectacle of dragging in executives from an American company that is not doing anything illegal,” he added. “If anyone should be on trial, it should be Congress.”
Apple CEO Tim Cook is testifying before the Senate Permanent Subcommittee on Investigations this morning to defend the company from accusations that it avoids tax payments by shifting profits to offshore subsidiaries in Ireland.
Michigan Democratic Sen. Carl Levin, the chair of the subcommittee, said Monday that he has “never seen anything like” Apple’s tax “gimmickry.”
Paul took issue with the premise of Tuesday’s hearing, however, and called on the Senate to stop “harassing” Apple, which he called one of “America’s greatest success stories.”
“Instead of doing the right thing, we drag businessmen and women in here to berate them for trying to maximize their profits for shareholders,” Paul said. “Apple has done more to enrich people’s lives than politicians will ever do.”
Can you imagine this guy in a debate with any Democrat?
I would buy a ticket to watch that!
For a better understanding of what’s going on between Congress and Apple, read this:
Apple is fully complying with the tax law. There is no suggestion that Apple has done anything illegal. The company is being berated by politicians for simply obeying the law that politicians have enacted. What’s really happening, of course, is that the politicians are conducting a show trial in hopes of creating an environment more conducive to tax increases on multinational companies (this is in addition to the OECD effort to impose higher tax burdens on multinational firms).
There’s so much more. Read the rest.