Remove Consensus Remove GAAP Remove Human Capital Remove Intangible Assets
article thumbnail

The U.S. Corporate Tax Code Is Broken. How Should We Fix It?

Harvard Business Review

My sense is that a consensus emerged from the hearings that Apple was not doing anything illegal. Claims of tax evasion are much more significant as they cross the line, and it appears that a consensus emerged that this was not the case with Apple. Cook testified that the company paid "all the taxes we owe — every single dollar."