10 Latest Facts About Apple Revealed By Tim Cook
#2 On Apple’s Alleged Tax Gimmicks
“We don’t use tax gimmicks,” Cook said. But when he was confronted by saying he takes advantage of the system, and it looks like a gimmick for a common man, Cook said “It’s a Band-Aid-and-paper-clip kind of thing. Over the years, Congress has kept Band-Aiding it.”
When Cook was told about Apple paying $6 billion in U.S. taxes — more than anyone else, and when he was questioned about a plan that might even have Apple pay a bit more, that could repatriate all that cash it has offshore, like Ireland, “We have no special deal with the Irish government. I believe, based on the hearing that, simplistically, the thing that’s being debated is for a company like Apple or any other company that sells things across the world and develops them in the United States, some people believe that all of the profits all around the world should accrue to the U.S. and be taxed here,” he added. He said the company will co-operate with tax officers.
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