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December 20, 2015 12:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/PxuhePloJ5E/tim-cook-calls-apples-tax-questions-political-crap
Tim Cook Calls Apple's Tax Questions 'Political Crap'
nerdyalien writes: Apple CEO Tim Cook dismissed as "total political crap" the notion that the tech giant was avoiding taxes. Cook's remarks, made on CBS' 60 Minutes show, come amid a debate in the United States over corporations avoiding taxes through techniques such as so-called inversion deals, where a company redomiciles its tax base to another country. Apple holds $181.1 billion in offshore profits, more than any other U.S. company, and would owe an estimated $59.2 billion in taxes if it tried to bring the money back to the U.S., a recent study based on SEC filings showed. The current tax code was made for the industrial age, and not the "digital age," Cook said.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/PxuhePloJ5E/tim-cook-calls-apples-tax-questions-political-crap
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