Jon Stewart Rips Senators for Letting Apple Off Easy on Corporate Taxes

Jon Stewart derided a Senate panel's kid-gloves treatment of Apple Inc.’s testimony on its complex corporate tax structure.

Tuesday's hearing in front of the Senate Permanent Subcommittee on Investigations was meant to discuss the corporate tax laws that allow Apple to shelter more than $102 billion through a web of foreign subsidiaries. However, it quickly became a forum in which senators expressed their love of the company’s products to Apple’s CEO Tim Cook.

“I love Apple!,” Sen. Claire McCaskill, D-Mo., said. Sen. John McCain, R-Ariz., asked Cook why he had to keep constantly updating all the apps on his iPhone. Read more...

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