National & International News
The day’s top national and international news
Tuesday, May 21, 2013 at 7:24 PM

IRS Official Asserts Fifth Amendment Right at House Hearing

Tuesday, May 21, 2013 at 3:22 PM

Apple CEO: "We Pay All the Taxes We Owe"


Apple CEO Tim Cook was grilled before a Senate Permanent Subcommittee on Investigations hearing Tuesday after the subcommittee found that Apple had avoided paying taxes on billions in profits by keeping them parked in Irish subsidiaries. "We pay all the taxes we owe — every single dollar," Cook told lawmakers. "We don't depend on tax gimmicks." He stressed that Apple is the nation's largest corporate taxpayer and that he supports an overhaul of the U.S. tax code. Subcommittee staffers said before the hearing that Apple was not breaking any laws, Reuters reported. But committee chairman Sen. Carl Levin of Michigan urged closing "unjustified tax loopholes" that had allowed Apple to avoided $9 billion in U.S. taxes in 2012. Sen. John McCain added that Apple's tax strategy reflected "a flawed corporate system." Apple's main subsidiary in Ireland, "Apple Operations International," has not paid any corporate income taxes in the last five years, the subcommittee's report found. Get More at NBC News

Tuesday, May 21, 2013 at 8:59 AM

Accused Fort Hood Shooter Paid $278K While Awaiting Trial

5 hours ago
Man Fires Assault Rifle Inside Club

Man Fires Assault Rifle Inside Club

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Wednesday, May 22, 2013 at 8:38 AM

Waterfront Estate Up for Record $190M

Tuesday, May 21, 2013 at 9:01 PM

More Rough Weather Hit Country Tuesday

Tuesday, May 21, 2013 at 3:22 PM

Senators Demand Answers from IRS Officials


U.S. Senators from both sides of the aisle demanded answers as to why action was not taken sooner to stop the IRS' practice of targeting conservative groups, NBC News reported. Senate Democratic leader Max Baucus (D-Mont.) -- who demand to know why those at the top of the tax agency did not take action -- called the conduct "outrageous" and "unacceptable." Former IRS Commissioner Douglas Shulman, the Bush-era appointee who served during much of the time that the IRS targeting of conservatives took place, testified Tuesday that he was not aware of all the facts surrounding the abuses until earlier this month. Steven Miller, the acting IRS commissioner who resigned last week amid outrage over the scandal, also testified before the Senate Finance Committee. He said he was responsible for having another IRS official, Lois Lerner, answer a planted question at an American Bar Association panel discussion to publicly reveal the targeting of Tea Party groups and other conservatives, NBC News reported. Miller said his original plan for was the IRS to simultaneously brief Capitol Hill about the forthcoming inspector’s general report that detailed the abuses. “Obviously, the entire thing was an incredibly bad idea,” Miller said. Get More at NBC News

Tuesday, May 21, 2013 at 1:30 PM

‪Voters Head to Polls for Historic L.A. Mayor's Race‬

Wednesday, May 22, 2013 at 2:09 AM

Los Angeles Mayoral Race Too Close to Call

Tuesday, May 21, 2013 at 2:54 PM

Man Commits Suicide Inside Paris' Notre Dame Cathedral

5 hours ago

Vice President Speaks at Coast Guard Academy Graduation

Tuesday, May 21, 2013 at 2:42 PM

Peace Corp Opens Up to Same-Sex Couples

Tuesday, May 21, 2013 at 2:18 PM

Pakistan's New Leader Makes Landmark Offer of Talks to Taliban

Tuesday, May 21, 2013 at 3:09 PM

Couple Steals $854K From Township: DA

Tuesday, May 21, 2013 at 12:09 PM

The 50th Super Bowl Goes to San Francisco Bay Area

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