Ondrej Holzman The US tax system is regressive and it makes no sense for Apple to repatriate its money earned abroad. This is how its CEO Tim Cook commented on Apple's tax policy in the last interview.
He interviewed the head of the technology giant on his show 60 Minutes on the CBS station Charlie Rose, who looked with a camera into several parts of the Cupertino headquarters of Apple, perhaps even into the otherwise closed design studios.
However, he didn't talk about products so much as "political" matters with Tim Cook. When it came to taxes, Cook's response was even more forceful than usual, but the substance was the same.
JUST IN: Apple CEO tells "60 Minutes" that the notion of the tech giant avoiding taxes is "total political crap". https://t.co/yGoxhM29fZ
- CNBC Now (@CNBCnow) December 18, 2015
Cook explained to Rose that Apple absolutely pays every dollar it owes in taxes and that it "happily pays" the most taxes of any American company. However, many lawmakers see a problem in the fact that Apple has tens of billions of dollars stored abroad, where it earns them.
But it is unthinkable for the Californian iPhone manufacturer to transfer the money back. After all, he has already preferred to borrow money several times instead. "It would cost me 40 percent to bring that money home, and that doesn't seem like a reasonable thing to do," Cook echoed, a sentiment shared by CEOs of many other large firms.
Although Cook would very much like to operate with the money earned in the United States, the current 40 percent corporate tax is outdated and unfair, according to him. “This is a tax code that was built for the industrial age, not the digital age. He is regressive and terrible for America. It should have been fixed years ago," says Cook.
The head of Apple thus repeated practically the same sentences as he said in a 2013 hearing before the US Congress, who just dealt with Apple's tax optimization. After all, the company is still far from winning. Ireland will next year decide whether Apple received illegal state aid, and the European Commission is conducting investigations in other countries as well.
Just Apple can cry about brutal taxation - a horrible hypocrite - and now the whole world will be thinking about how to cool down the US tax system based on what happened on TV...
They themselves charge a fee for any stupidity both from the bans and from developers, partners and suppliers - that it doesn't hurt!!
Comedy no more!
IP auto correction fix - it should have been based on the chat on TV...
Sorry
I don't know what "prohibitions" are, but what kind of fees does the nasty Apple charge developers? Do you think that maintaining Xcode gives them a platform, a distribution system, and a chance to get rich quick on a well-executed idea? And how does it harm partners and suppliers? For example, by investing in production lines? You are certainly familiar with a number of partnership agreements and have a wealth of experience, so don't be shy and write it down...
however, the laws apply so shut up and pay taxes