Apple Inc. (AAPL) Stock Sinking as Cook Complains About "Crap"
December 19, 2015 Apple Inc. (NASDAQ:AAPL) doesn't like to be accused about paying its fair share , and the firm's CEO Tim Cook says that discussions about the firms tax bill are nothing but " political crap ." Mr. Cook was speaking to 60 Minutes on CBS when he made the comments. Mr. Cook told the program that "Apple pays every tax dollar we owe." Tim Cook holds that the US tax system is "backwards. It's awful for America. It should have been fixed many years ago." He says it doesn't suit firms in the "digital age" and that's the reason he's forced to keep billions in offshore accounts . Apple Inc. stock is still burdened Mr. Cook was referring to inquiries into the way the firm handles its cash pile for sales outside of the US. If Apple were to choose to return its $181B cash pile to the US the firm would incur estimated taxes of almost $60B according to figures reported by T he Guardian . While Mr. Cook addresses those issues,Read full article from Apple Inc. (AAPL) Stock Sinking as Cook Complains About "Crap"
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