Apple case seen as possible spur to tax action

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Apple CEO Tim Cook testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations as lawmakers examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. Lawmakers want to know the tax strategy of how Apple, the world's most valuable company, based in Cupertino, Calif., holds a billion dollars in an Irish subsidiary as a tax strategy, according to a report issued this week by the subcommittee. (AP Photo/J. Scott Applewhite)

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Apple case seen ... Apple CEO Tim Cook testifies on Capitol Hill in Washington, Tuesday, May 21, 2013, before the Senate Homeland Security and Governmental Affairs Permanent subcommittee on Investigations as lawmakers examine the methods employed by multinational corporations to shift profits offshore and how such activities are affected by the Internal Revenue Code. Lawmakers want to know the tax strategy of how Apple, the world's most valuable company, based in Cupertino, Calif., holds a billion dollars in an Irish subsidiary as a tax strategy, according to a report issued this week by the subcommittee. (AP Photo/J. Scott Applewhite)
Early vote point... File-This file combo shows a Feb. 20, 2013 file photo of Los Angeles mayoral candidate Eric Garcetti speaking to media in Los Angeles, left, and undated image provided by the Wendy Greuel Campaign of mayoral candidate Greuel meeting with voters. Despite the high stakes, the race has been a mostly low-drama affair between two government regulars. In a city known to yawn at local politics, turnout is expected to be sparse, perhaps only one in four voters will go to the polls. (AP Photo,File)
Senate panel app... Senate Judiciary Committee Chairman Sen. Patrick Leahy, D-Vt., right, confers with the committee's ranking Republican, Sen. Chuck Grassley, R-Iowa, on Capitol Hill in Washington, Monday, May 20, 2013, as the committee assembles to work on a landmark immigration bill to secure the border and offer citizenship to millions. The panel is aiming to pass the legislation out of committee this week, setting up a high-stakes debate on the Senate floor. (AP Photo/J. Scott Applewhite)
FBI ID's Benghaz... FILE - This Sept. 13, 2012 file photo shows a cameraman filming one of U.S. consulate burnt out offices after an attack that killed four Americans, including Ambassador Chris Stevens on the night of Tuesday, Sept. 11, 2012, in Benghazi, Libya. The U.S. has identified five men they believe might be behind the attack on the diplomatic mission in Benghazi, Libya, last year, and have enough evidence to justify seizing them by military force as suspected terrorists _ but not enough proof to try them in a U.S. civilian criminal court, the process the Obama administration prefers, U.S. officials said. (AP photo/Mohammad Hannon, File)
Pentagon wants $... FILE – In this March 30, 2010, file photo reviewed by the U.S. military, a U.S. trooper stands in the turret of a vehicle with a machine gun, left, as a guard looks out from a tower at the detention facility of Guantanamo Bay U.S. Naval Base in Cuba. The Pentagon is asking Congress for more than $450 million for maintaining and upgrading the Guantanamo Bay prison that President Barack Obama wants to close. (AP Photo/Brennan Linsley, File)
IRS official to ... former IRS Commissioner Douglas Shulman testifies on Capitol Hill, in Washington, Tuesday, May 21, 2013, before the Senate Finance Committee hearing on the Internal Revenue Service (IRS) practice of targeting applicants for tax-exempt status based on political leanings. (AP Photo/Charles Dharapak)
Moniz: LNG expor... Dr. Ernest Moniz speaks after being sworn in as Energy Secretary, Tuesday, May 21, 2013, during a ceremony at the Energy Department in Washington. Moniz, 68, a professor at the Massachusetts Institute of Technology, replaces Steven Chu, who served as energy secretary in President Barack Obama's first term. Moniz served as an energy undersecretary in the Clinton administration. (AP Photo/Susan Walsh)
Court: US can ke... FILE - This undated file photo shows al Qaida leader Osama bin Laden in Afghanistan. A federal appeals court is backing the U.S. government's decision not to release photos and video taken of Osama bin Laden during and after a raid in which the terrorist leader was killed by U.S. commandos. The three-judge panel of the U.S. Circuit Court of Appeals for the District of Columbia turned down an appeal Tuesday from Judicial Watch, a conservative watchdog group, which had filed a Freedom of Information Act request for the images. (AP Photo, File)
Obama pledges ur... President Barack Obama, accompanied by, from left, Vice President Joe Biden, Homeland Security Secretary Janet Napolitano and FEMA Deputy Administrator Richard Serino. talks about the Oklahoma tornado and severe weather, Tuesday, May 21, 2013, in the State Dining Room of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)
Poll: Teens migr... A view of an iPhone in Washington Tuesday, May 21, 2013, showing the Twitter and Facebook apps among others. A new poll finds that teens are sharing more about themselves on social media. They’re also moving increasingly to Twitter to avoid their parents and the "oversharing" that they see on Facebook. (AP Photo/Evan Vucci)
China's Xi will ... FILE - In this May 6, 2013 file phot, China's President Xi Jinping, shakes hands with his Palestinian counterpart Mahmoud Abbas, unseen, during a signing ceremony at the Great Hall of the People in Beijing, China. China's new leader Xi will confer with President Barack Obama in June in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. (AP Photo/Jason Lee, Pool, File)
After a decade, ... FILE – In is May 30, 2007, file photo President Bush, right, hoists 4-year-old Baron Mosima Loyiso Tantoh, son of Manyongo Mosima "Kuene" Tantoh of South Africa, left, who is HIV-positive, after speaking about his efforts to fight HIV/AIDS worldwide, in the Rose Garden of the White House in Washington. At center is Coptic Orthodox Church Bishop Paul Yowakim of Kenya. The decade-old law that transformed the battle against HIV/AIDS in developing countries is at a crossroads, the dream of future generations freed from epidemic running up against an era of economic recovery and harsh budget cuts. The President’s Emergency Plan for AIDS Relief grew out of an unlikely partnership between Bush and lawmakers led by the Congressional Black Caucus, and has come to represent what Washington can do when it puts politics aside_and what America can do to make the world a better place. (AP Photo/J. Scott Applewhite, File)
Policy, discreti... FILE - In this May 13, 2013, file photo, the screen on the phone console is seen at the reception desk at The Associated Press Washington bureau. The Justice Department’s latest effort to examine who journalists are talking to _ the secret subpoena of Associated Press phone records from April and May of last year _ demonstrates how government investigators are guided more by policy and the judgments of high-ranking officials than by specific laws or, in this case, the need to satisfy an independent federal judge. (AP Photo/Jon Elswick)
O'Malley using a... FILE - In this Sept. 16, 2012, file photo, Maryland Gov. Martin O'Malley speaks during Sen. Tom Harkin's annual fundraising steak fry in Indianola, Iowa. His latest legislative achievements put him on the vanguard of his party's liberal base. He was a top fundraiser for President Barack Obama. And he's ramping up his travel to help fellow Democrats around the country. Little-known outside his home state, O'Malley has methodically checked the necessary boxes toward earning the reputation of good Democratic soldier as he considers whether to run for president in 2016 _ a White House bid that would face long odds. (AP Photo/Charlie Neibergall, File)
More Obama aides... FILE - In this May 15, 2013 file photo, President Barack Obama speaks in the East Room of the White House in Washington. It might have seemed a no-win situation to the White House: either keep President Barack Obama in the dark about a looming investigation into political targeting by the Internal Revenue Service or blur legal lines by telling him about an independent audit. (AP Photo/Jacquelyn Martin)
Penn urges US to... Academy Award-winning actor Sean Penn testifies on Capitol Hill in Washington, Monday, May 20, 2013, before the House subcommittee on Africa, Global Health, Global Human Rights, and International Organizations hearing on Advocating for American Jacob Ostreichers Freedom after two years in Bolivian detention. Ostreicher was arrested in June 2011 by Bolivian police after it was alleged that he did business with “people wanted in their countries because of links with drug trafficking and money laundering.” (AP Photo/Susan Walsh)
GOP leaders say ... U.S. Sen. Rand Paul, R-Ky., speaks at the New Hampshire Republican State Committee Liberty Dinner, Monday, May 20, 2013 in Concord , N.H. (AP Photo/Jim Cole)
U.S. names veter... U.S. ENVOY TO THE AFGHAN OPPOSITION JAMES DOBBINS TALKS TO THE PRESS IN ROME.
Obama tells Mexi... U.S. President Obama delivers a speech during his visit to Mexico City
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Rhode Island law... Rhode Island Governor Lincoln Chafee uncaps his pen as he signs the Marriage Equality Act into law at the State House in Provide
Jury convicts tw... New York City Comptroller John Liu speaks in support of a demonstration against the NYPD's "stop and frisk" crime-fighting tacti
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Bloomberg makes ... New York Mayor Michael Bloomberg delivers the 2014 city budget in the Blue Room of New York's City Hall
States balk at m... President Obama's fiscal 2014 budget proposal is released and distributed to Senate staff members on Capitol Hill in Washington
Kerry to raise c... U.S. Secretary of State John Kerry delivers a statement after a meeting with Afghan President Hamid Karzai and Pakistani Army Ch
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Illinois Senate ... Chicago Mayor Emanuel smiles while attending U.S. President Obama's election night rally in Chicago
Obama quietly si... U.S. President Barack Obama is pictured as first lady Michelle Obama (not pictured) speaks during an event on finding employment
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Obama considers ... U.S. President Barack Obama speaks to the media in the Brady Press Briefing Room at the White House in Washington
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Fierce lobbying ... Men transport humanitarian food aid onto pirogues at Mopti
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