Carl Levin

Carl Levin
Carl Levin
Type: Person
Name: Carl Levin
Title: U.S. Senator From Michigan
Organization: U.S Senate
Date of Birth: 28/06/1934
Place of Birth: Detroit, Michigian
Nationality: United States
Fact Sheet: Biography for Carl Levin
First reported 15 hours ago - Updated 13 mins ago - 55 reports

Lifting the lid on Apple’s profits

US lawmakers show how Apple avoids tens of billions in tax by routing profits through Ireland, writes Newstalk’s Business Editor Ian GuiderApple avoided paying taxes of almost €20 million every day last year by taking advantage of Ireland’s low corporation ... [Published Newstalk - 47 mins ago]
First reported 15 mins ago - Updated 15 mins ago - 1 reports

Business News: Apple CEO to testify on tax-dodging

(CNN) - In business news, Apple executives are set to defend the company's tax practices on Capitol Hill today amid harsh criticism following a senate investigation.A report by Senators John Mccain and Carl Levin claims Apple used a complex web of offshore ... [Published KYTX CBS 19 - 15 mins ago]
First reported 21 mins ago - Updated 21 mins ago - 1 reports

Apple CEO To Testify On Tax-Dodging Today

Washington (CNN) Apple executives are set to defend the company's tax practices on Capitol Hill on Tuesday, May 21 amid harsh criticism following a Senate investigation.A report by senators John McCain and Carl Levin claims apple used a complex web of ... [Published WOKR 13 - 21 mins ago]
First reported 12 hours ago - Updated 25 mins ago - 7 reports

US senate accuses Apple of using Irish subsidiaries to avoid tax

The Permanent Subcommittee On Investigations will examine Apple's tax avoidanceA US senate has alleged that Apple has used a complex web of offshore entities including three foreign subsidiaries to dodge taxes in the country.The panel has found that one ... [Published Computer Business Review - 25 mins ago]
First reported 3 hours ago - Updated 26 mins ago - 1 reports

Stocks: Apple and Carnival may make waves

Early indicators show it could be another day of tepid trading Tuesday, but a few individual stocks may grab the spotlight.U.S. stock futures were little changed from Monday's closing levels, but Carnival is one company making waves in pre-market tra ... [Published WDSU New Orleans - 3 hours ago]
First reported 7 hours ago - Updated 2 hours ago - 1 reports

Apple Accused Of Avoiding Paying Billions In Taxes By The Senate

Senators Carl Levin and John McCain put out a statement saying Apple has subsidiaries in Ireland that it funnels profits through, thus allowing it to avoid paying taxes.Apple admits that it has a subsidiary in Ireland, but says it's completely legal. ... [Published Newsvine - 7 hours ago]
Entities: Taxes, Ireland, Carl Levin
First reported 5 hours ago - Updated 2 hours ago - 2 reports

“Apple sought the Holy Grail of tax avoidance”

Business quote of the day.“ Apple sought the Holy Grail of tax avoidance”Carl Levin, chair of the Senate Permanent Subcommittee on Investigations, criticises the technology giant for being “"among America's largest tax avoiders" ... [Published New Statesman - 2 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

Levin: Apple Corp Epitomizes Tax Loophole Problem

Thanks to a new aluminum design, the iPhone 5 is the “thinnest, lightest iPhone ever.” This newest release is also Apple’s first iPhone with a larger display (4″ as compared to the 3.5″ on all earlier models).(photo credit: Justin Sullivan/)Filed und ... [Published CBS Detroit - 6 hours ago]
Entities: Carl Levin, Apple Inc, Taxes
First reported 13 hours ago - Updated 11 hours ago - 1 reports

Levin Says Apple Uses Offshore Units to Avoid Taxes

May 20 (Bloomberg) -- U.S. Senator Carl Levin, a Michigan Democrat, and Senator John McCain, an Arizona Republican, speak at a news conference in Washington about a congressional investigation into Apple Inc.'s alleged use of offshore entities to avoid ... [Published BusinessWeek - 13 hours ago]
Entities: Carl Levin, Apple Inc, Taxes
First reported 14 hours ago - Updated 14 hours ago - 1 reports

Former Apple CEO on Offshore Cash

Some explosive words were exchanged on Capitol Hill with Sen. Carl Levin, (D-MI) accusing Apple of using tax havens in Ireland to avoid paying U.S. taxes. John Scully, former Apple CEO, shares his view on the matter. ... [Published CNBC - 14 hours ago]
First reported May 20 2013 - Updated May 20 2013 - 1 reports

Congressman Seeking to Succeed Levin Speaks at Winans Dinner

5/20/13 - The man many Democrats hope will be the successor to Senator Carl Levin spoke before about 100 fellow Democrats at the annual Winans Dinner Saturday night at the Lakelands Golf and Country Club in Hamburg Township. Among other issues, Congressman ... [Published WHMI 93.5 FM - May 20 2013]
First reported May 19 2013 - Updated May 19 2013 - 2 reports

How the IRS Scandal Could Backfire

( )CBS News reported yesterday that senior officials in the Treasury Department knew of the IRS targeting of conservative groups during the 2012 campaign.  While this doesn’t yet place the matter inside the West Wing, it assures another leg to the scandal ... [Published Power Line - May 19 2013]

Quotes

Senator Carl Levin said: "apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven. "apple sought the holy grail of tax avoidance. it has created offshore entities holding tens of billions of dollars, while claiming to be tax resident nowhere," levin said. "we intend to highlight that gimmick and other apple offshore tax avoidance tactics so that american working families who pay their share of taxes understand how offshore tax loopholes raise their tax burden, add to the federal deficit and ought to be closed." apple said it welcomes the opportunity to testify before the permanent subcommittee on investigations in connection with its inquiry into the tax practices of multinational companies. "apple welcomes an objective examination of the us corporate tax system, which has not kept pace with the advent of the digital age and the rapidly changing global economy," the company stated."
"Apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven," said committee Chairman Carl Levin. "apple sought the holy grail of tax avoidance. it has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere."
U SS Senators however dismissed his argument, calling the loophole on international profits to be closed. "this is not an agreement between independent parties. these tax agreements they talk about are people all working for apple sitting down and signing a piece of paper which shifts profits to a tax haven, that's what it is all about" said Levin

More Content

All (1657) | News (1174) | Reports (3) | Blogs (466) | Audio/Video (5) | Fact Sheets (1) | Press Releases (8)
sort by: Date | Relevance
Business News: Apple CEO to testify on tax-dodging [Published KYTX CBS 19 - 15 mins ago]
Apple CEO To Testify On Tax-Dodging Today [Published WOKR 13 - 21 mins ago]
US senate accuses Apple of using Irish subsidia... [Published Computer Business Review - 25 mins ago]
US Senate says Apple 'among America's largest t... [Published Times Live South Africa - 30 mins ago]
Computer giant Apple avoiding $25 billion in ta... [Published Irish Central - 33 mins ago]
Frontrunning: May 21 [Published Zero Hedge - 40 mins ago]
Lifting the lid on Apple’s profits [Published Newstalk - 47 mins ago]
Apple CEO in hot seat over company’s untaxed ov... [Published Financial Post | Business » FP Tech Desk - 49 mins ago]
Apple avoided paying billions in tax says US re... [Published The First Post: Latest - 55 mins ago]
Apple Defends Tax Practices, Calls for Corporat... [Published 24/7 Wall St - 1 hour ago]
Apple Accused of “Highly Questionable” Tax Avoi... [Published Economy Watch - 1 hour ago]
Obama the uniter? Not really. [Published Washington Post - 1 hour ago]
Tuesday Newspaper Review - Irish Business News ... [Published FinFacts - 1 hour ago]
Biting criticism [Published Schumpeter - The Economist - 1 hour ago]
Apple to face US Senate committee on tax avoidance [Published Accountancy Live - 1 hour ago]
Biting criticism [Published The Economist - 1 hour ago]
Congressional probe finds billions in untaxed A... [Published Tulsa World - 1 hour ago]
Apple Circumvents U.S. Tax Code, Feds Claim [Published ABC News - 2 hours ago]
Panel: Apple uses firms outside US to avoid taxes [Published Sumter Item - 2 hours ago]
CEO Cook To Defend Apple Before Senate Committe... [Published New England Public Radio - 2 hours ago]
Apple investigated for tax avoidance [Published Lawyer Monthly - 2 hours ago]
Senate takes a bite of Apple, sees terrible tax... [Published Management Today Magazine - 2 hours ago]
Apple Accused of Deploying Aggressive Tax Avoid... [Published Cellular-News - 2 hours ago]
CNN Washington AM Note [Published CNN Political Ticker - 2 hours ago]
“Apple sought the Holy Grail of tax avoidance” [Published New Statesman - 2 hours ago]
Apple 'avoids paying billions of dollars in tax... [Published Computing.co.uk - 2 hours ago]
Stocks: Apple and Carnival may make waves [Published WDSU New Orleans - 3 hours ago]
Ireland is Apple?s ?Holy Grail of tax avoidance? [Published TheJournal.ie - 3 hours ago]
Apple Sought 'Holy Grail' Of Tax Avoidance [Published 3FM Isle of Man - 3 hours ago]
Senate accused Apple for tax avoidance policies [Published New Europe - 3 hours ago]
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Blogs

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Frontrunning: May 21 [Published Zero Hedge - 40 mins ago]
IMF Tells Central Europe to Spend More ( WSJ ) Tornadoes Blast Oklahoma ( WSJ ) Frenetic search for survivors as 91 feared dead in tornado-hit Oklahoma ( Reuters ) JPMorgan investors on edge over vote on Dimon; what if they win? ( Reuters ) Wealthy ...
Apple CEO in hot seat over company’s untaxed ov... [Published Financial Post | Business » FP Tech Desk - 49 mins ago]
In this day and age, if you’re not here, you’re nothing but road kill Apple Inc. Chief Executive Officer Tim Cook is going somewhere his predecessor never ventured: the witness table at a congressional hearing on Capitol Hill. Cook will be questioned ...
Apple Accused of “Highly Questionable” Tax Avoi... [Published Economy Watch - 1 hour ago]
About The AuthorLatest news about the state of the world economy.EconomyWatch, News Desk TeamCupertino-based technology giant Apple has been accused by a U.S. Senate committee of trying to find the “Holy Grail of tax avoidance” by using a “complex web ...
Biting criticism [Published Schumpeter - The Economist - 1 hour ago]
Companies such as Apple and Google are renowned for their ground-breaking technological innovations. They have also put a great deal of effort into reducing the amount of tax they pay on the mountains of cash those innovations produce. Their tactics ...
CNN Washington AM Note [Published CNN Political Ticker - 2 hours ago]
NATIONAL STORIES: CNN: Oklahoma tornado leaves massive path of death, destruction; at least 51 dead Clinging to the hope of finding more survivors, rescue workers raced overnight scouring mountains of rubble where houses and schools once stood– ...
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Audio/Video

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North Korea missile fire may be "imminent" [Published CNN.com - Video - Apr 10 2013]
Senate harpoons JPMorgan execs [Published Reuters Video: Business - Mar 16 2013]
Sen. Levin Presses Ina Drew on Investment Horizons [Published Bloomberg - YouTube - Mar 15 2013]
Sen. Levin: JPMorgan Execs, OCC Ignored Alarms [Published Bloomberg - YouTube - Mar 15 2013]
The Undercurrent: Sen. Carl Levin Talks Goldman... [Published The Young Turks - YouTube - Feb 05 2013]
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Press Releases

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Listing of bond loans on STO Corporate Bonds (1... [Published GlobeNewswire: Acquisitions News - Apr 04 2013]
International Association of Fire Fighters Supp... [Published EON Government & Public Policy - Jan 07 2013]
International Association of Fire Fighters Supp... [Published Business Wire Defense News - Jan 07 2013]
International Association of Fire Fighters Supp... [Published Business Wire Public Policy/Government News - Jan 07 2013]
Senate Review of 'Zero Dark Thirty' Threatens F... [Published GlobeNewswire: Advertising News - Jan 05 2013]
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