By Justin C. Maiman
CEO Tim Cook hopes so. He went to Washington Tuesday to defend his company’s use of tax-haven subsidiaries in places like Ireland. Cook also reiterated that Apple has no plans to bring back over $100 billion in profits stashed overseas, far outside the jurisdiction of the IRS.
"We pay all the taxes we owe — every single dollar," Cook said before a Senate investigations committee. "We don't depend on tax gimmicks."
Gimmicks? Maybe not. Loopholes? Yes.
Perhaps Cook’s star-turn in DC will bring corporate income tax reform back into the spotlight. He suggested that the IRS should modernize the tax code. And it wasn’t so long ago that both candidates for President endorsed some type of change in theRead More »from Apple’s Right, Corporate Income Tax Should Be Debated: Pulitzer Prize-Winnng Tax Expert