Sunday, 10 January 2016

Tim Cook calls notion of Apple avoiding US taxes “political crap”



Apple CEO, Tim Cook
Credit: Carlo Allegri/Reuters/The Guardian

Why is he laughing?

Could you make the claim in the headline & keep a straight face?

Apple is doing something similar in Australia & probably your country too.

http://www.theguardian.com/technology/2015/dec/19/tim-cook-calls-notion-of-apple-avoiding-us-taxes-political-crap
/ Apple chief executive Tim Cook dismissed total political crap technology giant avoiding taxes Cook’s remarks CBS 60 Minutes show debate United States corporations avoiding taxes techniques inversion deals company re-domiciles tax base another country Apple saves billions dollars taxes through subsidiaries Ireland declares overseas profit Apple pays every tax dollar we owe Cook told 60 Minutes Charlie Rose excerpts interview released Friday Cook bringing profits back United States of America USA cost 40% reasonable thing to do Senate Permanent Subcommittee on Investigations investigated Apple’s tax strategies company avoided paying $9 billion US taxes strategy involving three offshore units no discernible tax home residence press office subcommittee request for comment Cook’s remarks Apple holds $181.1bn offshore profits more than any other US company owe estimated $59.2bn taxes bring money back to the United States recent study SEC filings showed current tax code industrial age digital age Cook fixed Rebecca Lester assistant professor of accounting Stanford Graduate School of Business Cook’s colorful language frustration lack movement tax reform in Washington companies government game of chicken which one moves first corporations unwilling bring overseas money tax implications want Washington to act Tim Cook frustrated Apple shares closed Friday /