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Tim Cook calls Apple's tax questions 'political crap'

Apple saves billions of dollars in taxes through subsidiaries in Ireland, where it declares much of its overseas profit

Reuters 

Apple Inc Chief Executive 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 saves billions of dollars in taxes through subsidiaries in Ireland, where it declares much of its overseas profit. "Apple pays every tax dollar we owe," Cook told 60 Minutes' Charlie Rose, according to ...

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First Published: Sat, December 19 2015. 21:46 IST
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