Skip to Main Content

David Rosenbloom Comments on Senate Committee Hearing Highlighting Apple's Offshore Accounts

May 17, 2013, MacNewsWorld

MacNewsWorld spoke with H. David Rosenbloom regarding the U.S. Senate committee hearing taking place next week concerning Apple's offshore cash strategies. Having reported $40 billion in earnings held offshore, Apple's CEO is scheduled to testify before a U.S. Senate committee regarding the company's offshore profits and tax avoidance strategies. The company is defending itself ahead of next week's hearing by talking up its corporate tax payments and record of job creation. In the past, the federal government has tried to lure offshore profits back to the U.S. through a tax amnesty. For the complete article, please visit MacNewsWorld's website.

Excerpt taken from the article.

"They brought home about $300 billion," H. David Rosenbloom, a member of the law firm of Caplin & Drysdale, told MacNewsWorld, "and they used it to pay their executives higher salaries and to buy stock, and they didn't create a single job. In fact, they lost jobs."


About Caplin & Drysdale
Celebrating our 55th Anniversary in 2019, Caplin & Drysdale continues to be a leading provider of legal services to corporations, individuals, and nonprofits throughout the United States and around the world. We are also privileged to serve as legal advisors to accounting firms, financial institutions, law firms, and other professional services organizations.

The firm's reputation over the years has earned us the trust and respect of clients, industry peers, and government agencies. Moreover, clients rely on our broad knowledge of the law and our keen insights into their business concerns and personal interests. Our lawyers' strong tactical and problem-solving skills -- combined with substantial experience handling a variety of complex, high stakes, matters in a boutique environment -- make us one the nation's most distinctive law firms.

With offices in New York City and Washington, D.C., Caplin & Drysdale's core practice areas include:
For more information, please visit us at
Washington, DC Office:
One Thomas Circle NW
Suite 1100
Washington, DC 20005
New York, NY Office:
295 Madison Avenue
12th Floor
New York, NY 10017


This communication does not provide legal advice, nor does it create an attorney-client relationship with you or any other reader. If you require legal guidance in any specific situation, you should engage a qualified lawyer for that purpose. Prior results do not guarantee a similar outcome.

Attorney Advertising
It is possible that under the laws, rules, or regulations of certain jurisdictions, this may be construed as an advertisement or solicitation.
©2021 Caplin & Drysdale, Chartered
All Rights Reserved.

Related Professionals

Related Practice Area(s)