Tim Cook: 'Apple Does Not Funnel Its Domestic Profits Overseas'

Posted May 16, 2013 at 10:15pm by iClarified | Please help us and submit a translation by clicking here | 4247 views

Apple CEO Tim Cook is speaking to journalists before he testifies to a Senate subcommittee on Apple's offshore tax practices, reports Politico.

Instead of sending a lower-level executive, Cook has decided to speak himself and offer Congress his ideas for comprehensive tax reform. He spoke to POLITICO in a rare interview.

"We don't have a large presence in Washington, as you probably know, but we care deeply about public policy and believe creative policy can be a huge catalyst for a better society and a stronger economy," Cook said.

He also defended his company's conduct saying, “I can tell you unequivocally Apple does not funnel its domestic profits overseas. We don't do that. We pay taxes on all the products we sell in the U.S., and we pay every dollar that we owe. And so I'd like to be really clear on that.”

You can read more of his comments to the site at the link below...

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