Washington has a love-hete rela- tionship with Big Tech. Witness Apple CEO Tim Cook's recent testimony on Capitol Hill, where Senators praised their favorite iGadgets while also accusing the world's most valuable company of being one of its biggest tax avoiders, laying out how Apple jumped through loopholes to save some $44 billion of otherwise taxable income. As Democrat Carl Levin, chair of the Investigations Subcommittee, put it, Apple "sought the holy grail" of tax avoidance by funneling vast earnings to overseas subsidiaries. Cook responded that Apple paid $6 billion in U.S. corporate taxes last year. Aside from the fact that Apple has amazing tax lawyers, what does it all mean?
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