Apple CEO Tim Cook Testifies At Hearing On Offshore Taxes

Peter Oppenheimer, senior vice president and chief financial officer of Apple Inc., left to right, Tim Cook, chief executive officer of Apple Inc., and Phillip Bullock, head of tax operations at Apple Inc., swear in to a Senate Permanent Subcommittee on Investigations hearing in Washington, D.C., U.S., on Tuesday, May 21, 2013. Cook will face off against U.S. senators leveling accusations the iPhone maker has created a web of offshore entities to avoid paying billions of dollars in U.S. taxes. Photographer: Andrew Harrer/Bloomberg via Getty Images