Wednesday, May 29, 2013

Tim Cook talks special tax deals

Apple CEO has given a wide-ranging interview to the website (part of the Dow Jones Company).  In the ten-minute segment below he reflects on his recent appearance before the US Senate Permanent Sub-Committee on Investigations on Apple’s tax strategies.

About 5:25 into the video he says:

“I’ve seen something in the press that says that some people think that we have a deal with the Irish, a special deal with the Irish government, to pay two per cent flat tax rate.  We have no special deal with the Irish government that gives us a two per cent flat tax rate.  So let me just set that aside.”

One wonders why he didn’t say that in response to a direct question on the alleged 2% rate from Senator Claire McCaskill at last week’s hearing.  Bit late now.

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