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Monday, August 15, 2016

Tim Cook says Apple won't repatriate money to US 'until there's a fair rate'

#Apple CEO Tim Cook struck back at critics of the iPhone maker's strategy to avoid paying U.S. taxes, telling The Washington Post in a wide ranging interview that the company would not bring that money back from abroad unless there was a "fair rate." Along with other multinational companies, the tech giant has been subject to criticism over a tax strategy that allows them to shelter profits made abroad from the U.S. corporate tax rate, which at 35 percent is among the highest in the developed world.

http://finance.yahoo.com/news/tim-cook-says-apple-wont-183800408.html

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