Accounting

Companies

Apple to tell Senate it pays every cent of its taxes

Tim Cook's taking on the tax man. On Tuesday, the Apple CEO will appear before the U.S. Senate's permanent Subcommittee on Investigations to discuss that body's look into multinational companies and how they pay taxes. As a special preview to those who really can't wait to hang on Cook's every word, Apple on Monday released its head honcho's testimony.

Companies

Google’s Schmidt defends UK tax record

Google's executive chairman Eric Schmidt defended his company's payment of a mere £6.09 million (A$9.06m) in UK corporation tax for 2011 on a turnover of £395 million and said his firm's management of its tax bill was not very different from British firms in the US market.

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