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Apple CEO Denies Avoiding Taxes With Offshore Shell Cos.

By Erica Teichert (May 21, 2013, 5:41 PM EDT) -- Apple Inc. CEO Timothy D. Cook on Tuesday defended his company's policy of holding billions of dollars in worldwide revenue in Irish shell corporations and shielding them from U.S. and international corporate taxes, telling a Senate investigations subcommittee that contrary to its report, Apple hasn't undercut its tax responsibilities....

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