Tim Cook's grand scheme to avoid American corporate tax rates was just revealed as a little more absurd, with a new report by the New York Times. The (Californian) company is using (Irish) dummy companies to funnel cash to (Manhattan) bank accounts.

Today's congressional hearing on Apple's Irish tax-dodging has included a lot of impressive browbeating—it's nice to see Tim Cook taken to task. What doesn't help the issue is Senator John McCain chuckling with Cook about how his gosh darn iPhone updates apps all the durn time.

Bill Allison, the editorial director of the Sunlight Foundation, looks at the lobbying and campaign finance records relating to Apple as its CEO, Tim Cook, appears before a Senate Committee.

If you run one of the most massive operations in the history of modern capitalism, here's a handy tip: funnel your money to Ireland with a series of shell companies, and you'll pay a tax rate of two percent. It's saved Apple $74 billion over the past three years.

CharityBuzz has announced the winner of the most expensive cup of coffee you've ever had in your life with Apple CEO Tim Cook. A newcomer known only as "a********s" came out on top with $610,000 bid. Congratulations, Mr. assssssss?

The second quarter earnings numbers from everyone's favorite gadget company are out, and like every other time, it made an ungodly amount of money: $43.6 billion in revenues and net profits of $9.5 billion. That's objectively a lot of money, but there's still no phantom iWatch, so investors are likely to pout.