Tim Cook has denied Apple’s tax evasion charges

According to The Guardian, the executive director of the famous apple corporation called the accusations that Apple finds ways to avoid US taxation as “complete political crap”.

The other day, Cook took part in one of the popular American show called 60 Minutes, which is broadcast on CBS. When the conversation turned to the fact that quite a few US companies are trying to avoid high taxes through various legal tricks, and perhaps Apple is no exception, the company's executive director said that such rumors are not confirmed by anything, and the “apple” giant “honestly pays every dollar taxes, which laid the company. "

It is known that thanks to subsidiaries outside the US, Apple saves billions of dollars in taxes. This is confirmed by the words of Tim himself, who said that if the company paid all taxes exclusively in the United States, Apple would lose 40% of its profits only on this. “I don’t think it would be a sensible decision,” Tim Cook notes.
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Subsidiaries located outside the United States bring Apple about $ 180 billion in profits - more than any American company. However, if the apple giant decided to move the business back to “home,” it would cost him as much as about $ 60 billion in taxes alone, as shown by one of the latest studies.

The Permanent Investigation Subcommittee of the Senate has already conducted a “debriefing” about Apple's tax strategies, which revealed that the company only avoided paying $ 9 billion in “state” taxes in 2012 thanks to three departments without a specific tax address.

However, Cook claims that the current US tax legislation was developed for the industrial age, but not for the digital era. “This is a step back, and this is terrible for America. That should have been fixed many years ago, ”he says.

According to Rebecca Lester, associate professor of accounting at the Graduate School of Business, Stanford University, Tim Cook's loud speeches may reflect resentment at the delay in tax reform.