Apple under fire over alleged tax dodging

WASHINGTON, D.C.: Apple Chief Tim Cook faced a grilling on Tuesday (Monday in Manila) by US lawmakers on “sham” subsidiaries and “convoluted” strategies to shift profits offshore, but denied the company uses “gimmicks” to cut taxes.

Cook told a Senate hearing that Apple lives up to its tax obligations and more, but some lawmakers expressed outrage over findings of the panel’s probe that the tech giant avoided taxes by using a web of foreign subsidiaries, some without any tax jurisdiction.