I suppose when you’re the head of a company with a market cap that’s bigger than the GDP of Sweden, you don’t need to worry about being diplomatic. So, when Apple CEO Tim Cook was asked yesterday about his company’s record-breaking €13 billion ($14.5 billion) back tax bill, instead of delivering the standard corporate PR soundbites denying wrongdoing, he simply dismissed it as “total political crap.”
In a colorful interview with the Irish Independent, Cook went on to claim that Ireland was being “picked on” in a political move to establish more uniform tax rates across Europe, and rejected EU claims that the company paid just 0.005 percent tax in Ireland in 2014. “They just picked a number from I don’t know where…we actually paid $400 million. We believe that makes us the highest taxpayer in Ireland that year,” he said.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]