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A report from the U.S. Senate Permanent Subcommittee on Investigations, led by Sens. Carl Levin (D., Mich.) and John McCain (R., Ariz.), will say Apple (NASDAQ:AAPL) used an overseas tax structure to avoid taxes on at least $74 billion in profits between 2009 and 2012.But in a rare move, Apple chief executive Tim Cook will dispute those findings when he testifies before the Senate Permanent Subcommittee on Investigations, in the process defending Apple's tax strategies via testimony that indicates he will say the Congressmen misapprehend tax law and its effect on U.S. companies.A preview of his testimony shows Cook will testify that Apple does not use "gimmicks," that Apple's Irish subsidiaries-- Apple Operations International and Apple Sales International--contributed more than half of Apple's R&D costs in 2012; that its R&D cost-sharing operations have been in Ireland since 1980; that the IRS has routinely examined the structure and that it falls within the letter of the tax law.The ...

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