Apple CEO Tim Cook is speaking to journalists before he testifies to a Senate subcommittee on Apple's offshore tax practices. 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. … [Read more...] about Tim Cook: 'Apple Does Not Funnel Its Domestic Profits Overseas'
Tim Cook
Tim Cook to Testify Before Senate Subcommittee Investigating Tax Practices
Apple CEO Tim Cook will testify before a Senate subcommittee on Apple's offshore tax practices, reports Politico. Apple has been under fire for its tax practices. The company recently avoided paying as much as $9.2 billion in taxes by buying back stock with debt instead of offshore cash, Bloomberg reported. Apple has a reported $100 billion in offshore funds. … [Read more...] about Tim Cook to Testify Before Senate Subcommittee Investigating Tax Practices
Tim Cook Charity Auction Ends With $610,000 Bid By Anonymous Winner
The charity auction for coffee with Apple CEO Tim Cook has ended with an astonishing $610,000 bid by an anonymous winner. MacRumors notes that the bid was placed by a user known only as "a********s." CharityBuzz will not release the person's name; however, based on the publicity surrounding the auction, it's possible they could reveal themselves. … [Read more...] about Tim Cook Charity Auction Ends With $610,000 Bid By Anonymous Winner