Tim Cook won’t pay for Apple’s offshore billions until tax laws catch up with the ‘digital age’
Dec19
Apple has tens of billions in offshore profits that the US government can’t tax and CEO Tim Cook is defiant against critics that charge his company with avoiding tax. In an interview with CBS where 60 Minutes’ Charlie Rose doesn’t beat around the bush, when asked how he feels about Congress labelling him a tax avoider, Cook says: “We pay more taxes in this country than anyone.” This is a touch of linguistic acrobatics from Cook as, given that Apple is the most profitable company that’s ever existed, of course it is paying a lot of tax on sales made in the US. Asked why he wouldn’t…
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