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Apple CEO Tim Cook is going before Congress on Tuesday to defend his company’s tax-paying practices. On Monday, the company published his planned testimony, including his recommendations for “a dramatic simplification of the corporate tax system.” Cook will argue that his general suggestions for an overhaul will benefit the economy by encouraging U.S.-based companies like his own to bring more of their foreign profits back to their accounts in the U.S.

Cook will call for a revenue-neutral reform of the corporate tax code that does away with all tax expenditures, lowers tax rates and establishes a “reasonable” tax on companies’ earnings from overseas. It’s not in the planned testimony, but in an interview last week, Cook made it clear that he does not believe that a tax rate of zero is a reasonable number. In his testimony before the U.S. Senate’s Subcommittee on Investigations, he will say that Apple supports this simplification of the tax code despite the likelihood that it will mean Apple’s overall corporate taxes will go up. The current corporate tax system “applies industrial era concepts to a digital economy” and “undermines U.S. competitiveness,” Apple believes.

Before Cook gets into his specific suggestions for fixing how U.S. businesses are taxed on foreign earnings, he’s going to spend most of his time going over why he’s being called to testify in the first place: Apple’s accounting methods. Apple keeps at least $100 billion in foreign earnings outside of the IRS’s grasp because it doesn’t wish to pay the 35 percent tax it would incur by bringing that money home. Many other businesses follow similar practices.

According to the published testimony, Cook will going into detail about how the company accounts for profits earned in the U.S., how investment in its foreign assets is taxed, how it shares R&D costs with an Irish subsidiary and more. (It’ll probably be a snoozefest for everyone except those who get a thrill out of spreadsheets.) Most of it is Cook on the defensive, explaining how what Apple does is within legal limits. Cook plans to assure the committee it’s not cheating on its taxes with any special tricks and “does not have a bank account in the Cayman Islands.”

He will underscore his point about Apple being on the up and up by laying out how much the company pays in taxes. Last year it paid $6 billion in taxes to the U.S. and this year, Cook has said it will pay $7 billion.

Tuesday’s testimony will be Cook’s first appearance before Congress. The company’s tax practices came to light a year ago when the New York Times highlighted some of the methods Apple has used to keep its overall taxes at a minimum.

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Apple may or may not end up selling a low-cost iPhone some day. But in the meantime, it’s continuing to make the current devices it sells more affordable, particularly in new markets for smartphones. In India, Apple is fine-tuning its pricing to make the iPhone more affordable — and stand out against competing Android devices from Samsung, ZTE and others.

Apple has started introducing trade-in offers that are particularly favorable to students. ZDNet reports:

Students who trade-in their old smartphones while upgrading to an iPhone will get 7,777 rupees (US$144). Non-students will be paid 7,000 rupees (US$130).

That’s in addition to an incentive for customers who use an American Express credit card to buy a new iPhone on a payment plan. Those customers will get 10 percent of their purchase back. Apple doesn’t have its own retail stores in India, but sells through a network of local, authorized retailers, many of whom only sell Apple products.

It’s a bit unusual for Apple to wheel and deal. But the iPhone maker has been tweaking its pricing strategy and incentive offerings in markets where smartphone ownership has only recently begun to take hold. Earlier this year, Apple introduced low and no-interest payment plans for iPhone buyers in India; similar to what it is offering in China. India is a country bearing huge potential — it is an example of what CEO Tim Cook means when he notes the potential of billions of people who have yet to own a smartphone. And as Om noted recently, there are 900 million mobile connections, and so far there are just 2.5 million iPhones in use.

As the iPhone matures especially in established markets, Apple is turning to fast-growing regions whose people are just now joining the smartphone revolution. It knows it can’t sell $600 smartphones to everyone. And so little by little we’re seeing Apple customize its approach to different markets, including selling older model iPhones through carriers, allowing brand-conscious young people to pay for the cachet of the iPhone brand in installments, or reaching customers through deals with local institutions.

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