Tim Cook says Apple tax avoidance talk is ‘total political crap’

By , Dec 18, 2015

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60 Minutes on Friday shared a one minute clip from its upcoming interview with Apple CEO Tim Cook. In the preview, Charlie Rose asks for Cook’s thoughts regarding Apple’s congressional tax hearing, which found the company to be engaged in a “sophisticated scheme” to avoid taxes on its $74 billion held overseas.

“That is total political crap,” Cook says. “There is no truth behind it. Apple pays every tax dollar we owe.” He explains that Apple does a lot of business overseas, which is why a lot of its revenues are overseas, and although the company would like to bring that cash back to the United States, it would cost 40% to do so.

We had trouble embedding the video, which you can find here, but here’s the meaty part of the exchange:

Rose: How do you feel when you go before congress and they say you’re a tax avoider?

Cook: What I told them, and what I’ll tell you and the folks watching tonight is we pay more taxes in this country than anyone.

Rose: Well they know that, and you should because of how much money you make. But you also have more money overseas than anyone.

Cook: We do, because as I said before, two-thirds of our business is over there.

Rose: But why don’t you bring that home, is the question.

Cook: I’d love to bring it home. But it would cost me 40% to bring it home, and I don’t think that’s a reasonable thing to do. This is a tax code that was made for the industrial age, not the digital age. It’s backwards. It’s awful for America. It should have been fixed many years ago. It’s past time to get it done.

Of course, you can catch the full interview on 60 Minutes on CBS this Sunday night. As we reported last night, Mr. Rose will also be talking with Apple design chief Jony Ive, from inside his secret design lab, and retail head Angela Ahrendts, who has given Rose a tour of a concept design for future Apple retail stores.

Source: 60 Minutes

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  • Rowan09

    The tax code does suck and that’s the reason so many companies are going overseas. Even Craftsman is being made in China now.

    • Jackson Grong

      Not only companies, when an individual buys something online(on Amazon for ex.), the tax is applied twice, so 25% + 25% tax(in most Eu countries), that’s ridiculous. That’s 50% in taxes!!

  • Morgan Freeman

    Taxes = Theft. There is absolutely no other word for it, it is theft.

    • George

      How is that any different from apple scamming its loyal customers with 16gb phones that shoot 4k video?

      • Morgan Freeman

        Because unlike taxes, no one is forcing you to give Apple money. The government (Read: ALL governments) threaten to lock you inside a steel cage if you don’t give them whatever arbitrary amount of money they want. They say taxes are ‘voluntary’, but if you don’t volunteer it, they will ultimately put you inside a cage. They even have armed thugs on the payroll to intimidate and threaten you. It is gangster/mafia style tactics like this that make this world crap.

      • Footman

        What do you think the money for roads, schools, public services etc comes from? We would not have any public infrastructure without taxes.

      • Morgan Freeman

        This argument is a fallacy. You are saying that if a group of people DON’T steal money from everyone, then this infrastructure etc. won’t get funded. You are implying that people would not get together and make things happen without government. I disagree. Even with the best intentions (schools, etc.) THEFT is wrong!

      • Footman

        Never heard such bullshit. Than go live in the forest. You dont have to pay taxes there.

      • Morgan Freeman

        So you are, in fact, saying that you are OK with someone stealing your money? I am not OK with having my money stolen, nor do I think it should happen to anyone else. Volunteer where you want, but never force anyone to do something against their will. This is just wrong. Don’t try to guilt trip me here, bud. THEFT IS WRONG, no matter how you try to spin it.

  • Anonomous.TECH.man

    Why would you not want to avoid taxes?

  • Unknow Unknow

    Fuckking cook should avoid do crapy shitte like the iPhone battery case and shut fuckk off