When Congressional committee hearings look into “offshore profit shifting” of “multinational corporations”, we don’t usually mention it in this weekly post. But when the multinational corporation in question is Apple and its CEO and CFO are scheduled to testify, we will make an exception given its impact on the mobile startup space alone. Tim Cook appears before the U.S. Senate Permanent Subcommittee on Investigation on Tuesday to answer questions about its tax operations—and multiple sources are reporting he will likely use it to call for a major simplification of the tax code. But the Silicon Valley giant won’t be the only big name on the Hill this week.
Federal Reserve Board Chairman Ben Bernanke outlines “the economic outlook” before the Joint Economic Committee while Hernando de Soto and Madeleine Albright discuss “the call for economic liberty in the Arab world.” Also, President Obama’s nominee for Secretary of Commerce, Penny Pritzker, gets a look from the Senate Committee on Commerce, Science and Transportation.
Other hearings cover topics including immigration reform, regulatory burdens, entitlement reform, small business contracting, next generation supercomputers and more.
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