Apple avoided paying billions of dollars in U.S. income taxes. A Senate investigation found the tech giant parked overseas about $102 billion of its $145 billion in cash. A subsidiary in Ireland that earned $22 billion in 2011 paid only $10 million in taxes, according to the report by the Senate Permanent Subcommittee on Investigations. “It is a total scam,” Sen. Bernie Sanders told Ed Schultz on Tuesday. “It’s not just Apple. Virtually every major multi-national corporation has used these offshore tax havens,” Sanders added. He has introduced legislation that would take away the  tax breaks and yield $600 billion in revenue over a decade.

Listen to Sanders talk about Apple on The Ed Show »

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Apple CEO Tim Cook testifies before the Senate Permanent Subcommittee on Investigations.