Sen. Levin: Apple Tax Practices `Stunning'

Sen. Levin: Apple Tax Practices `Stunning' Play

May 24 (Bloomberg) -- After accusing Apple of stashing cash overseas, what will Michigan Senator Carl Levin do about it? In an interview with Peter Cook on Sunday's Bloomberg Government's "Capitol Gains", Levin calls the results of his Apple investigation "stunning". The Democrat says tax breaks allowing companies to shift profits to offshore tax havens are not "defensible", and says a bill closing those "unjustified" loopholes would win bipartisan support in the Senate. Levin also discusses the outlook for broader corporate tax reform.

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