Tagged: U.S. Sen. Rand Paul

Republican U.S. Senator Rand Paul of Kentucky blasted Democratic lawmakers for calling on Apple Inc.'s chief executive to testify over moving assets offshore to avoid taxes.

Apple CEO Tim Cook was called to testify before a Senate panel on Tuesday over claims the technology company is exploiting loopholes to avoid paying billions of dollars in taxes.

A report compiled by the Senate Permanent Subcommittee on Investigations found Apple is holding around $102 billion of its $145 billion in profits overseas while using technicalities to avoid any levies.

In his first visit to Israel, U.S. Sen. Rand Paul is calling for a gradual reduction of American foreign aid.

It's an unlikely place to deliver the message, since Israel is among the largest recipients of American assistance. But Paul said in a Monday meeting with reporters that the U.S. can't afford to keep sending money overseas, even to allies like Israel. He says it would be "harder to be a friend of Israel if we are out of money."