Tim Cook to reportedly testify on offshore tax practices in Senate investigation

Apple CEO Tim Cook will reportedly give testimony to the U.S. Senate Permanent Subcommittee on Investigation pertaining to how the company deals with taxes, a much debated topic as Apple is thought to have about $100 billion in offshore funds.

While it was known that the Senate would be holding a hearing next week Tuesday, POLITICO is reporting that Cook himself will be present to give testimony, possibly answering questions in the same vein as those answered by representatives from Microsoft and HP.

The Senate hearing is a continuation of the panel's investigation into how the practice of keeping profits offshore affects U.S. taxes.