The 10 Most Controversial Companies Of 2013

5. Apple

In a surprise announcement, a U.S. Senate subcommittee in May claimed that Apple was avoiding paying billions of dollars in taxes by using offshore tax shelters. The Senate Permanent Subcommittee on Investigations issued a report stating that Apple's use of three foreign subsidiaries, which were not a tax resident of any nation, allowed it to significantly lower its tax burden. While the Senate report claimed all of Apple's practices were legal, the subcommittee criticized the company's actions, with Sen. John McCain proclaiming Apple as one of "America's largest tax avoiders." This led to Apple CEO Tim Cook (pictured) speaking before the Senate subcommittee and defending his company in a contentious hearing that set off a debate about corporate taxes and offshore shelters.


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