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Tim Cook Calls Apple's Tax Questions 'Political Crap' (cbsnews.com)

Posted by Soulskill on from the all-about-the-benjamins dept.

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.

1 of 456 comments (clear)

  1. Re:Tax Inversion by Anonymous Coward · · Score: 2, Funny

    You don't actually understand why capital gains are taxed at the rate they're taxed, do you?

    Yes, actually. The rate was dropped significantly shortly after Bush entered office to help out rich cronies. The economy did quite well in the previous, higher rate on capital gains.

    And then Obama, with a Democrat-controlled Senate and a Democrat-controlled House, did NOTHING about it.

    So maybe your "blame BOOOSH!!!" stupidity is just that - stupidity.

    Either that, or Obama and the Democrats are WORSE than "teh evul BOOOSH!!!" - lie to you, then do the SAME thing "the evul BOOOSH!!!!" did anyway.

    I'm going with "YOU are stupid".