Apple releases Tim Cook's official statement to Senate
TweetFollow Us on Twitter

Apple releases Tim Cook's official statement to Senate


Apple has released Tim Cook's official statement to the Senate ahead of his Tuesday appearance at a hearing on corporate tax payments.

As noted by "Seeking Alpha," among other things, Apple claims it paid ~$6 billion in federal taxes in FY12 and a 30.5% effective federal tax rate, that its foreign units don't engage in the practices the hearing focuses (the shifting of IP to offshore havens, revolving loans from subsidiaries, etc). The company proposes a tax system that's "revenue neutral, eliminates all tax expenditures, lowers tax rates and implements a reasonable tax on foreign earnings." 

Read more at http://tinyurl.com/lrcwz3f . Also, you can find the entire official statement at http://tinyurl.com/kxvl26g

 
AAPL
$130.42
Apple Inc.
+1.63
GOOG
$555.48
Google Inc.
+11.61
MSFT
$44.06
Microsoft Corpora
+0.07
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Check Out the Trailer for the Upcoming F...
Check Out the Trailer for the Upcoming FINAL FANTASY: Record Keeper Posted by Jessica Fisher on February 26th, 2015 [ permalink ] DeNA and Square Enix have announced that | Read more »
Legacy Quest is an Upcoming Rouge-like T...
Legacy Quest is an Upcoming Rouge-like That’ll Kill the Whole Family Posted by Jessica Fisher on February 26th, 2015 [ permalink ] Nexon Co. | Read more »
Grudgeball: Enter the Chaosphere Review
Grudgeball: Enter the Chaosphere Review By Jordan Minor on February 26th, 2015 Our Rating: :: MUSCLE MENUniversal App - Designed for iPhone and iPad Regular Show gets an above average game.   | Read more »
Action RPG League of Angels – Fire Raide...
Gaia is being invaded by the Devil Prince and the demonic Devil Army at his disposal, and it’s up to you and your avatar to defeat him in League of Angels – Fire Raiders. Raise a mighty army from hundreds of recruitable angel heroes and take the fight to the Devil Prince as you endeavor to liberate the lands of Gaia. The very best gear will be... | Read more »
Burn Rubber on the Ice With a New Cars:...
Burn Rubber on the Ice With a New Cars: Fast as Lightning Update Posted by Jessica Fisher on February 26th, 2015 [ permalink ] Universal App - Designed for iPhone and iPad | Read more »
AdVenture Capitalist Review
AdVenture Capitalist Review By Jordan Minor on February 26th, 2015 Our Rating: :: DAS KAPITALUniversal App - Designed for iPhone and iPad An inadvertent Marxist manifesto.   | Read more »
Monster vs Sheep Review
Monster vs Sheep Review By Jennifer Allen on February 25th, 2015 Our Rating: :: SAMEY FUNUniversal App - Designed for iPhone and iPad What Monster vs Sheep lacks in variety it makes up for with stress relieving fun. At least, for a little while.   | Read more »
Is Your Face Ready for the New Outwitter...
Is Your Face Ready for the New Outwitters 2.0 Trailer? Posted by Jessica Fisher on February 25th, 2015 [ permalink ] One Man Left Studios has announced that their turn-based strategy game, | Read more »
HowToFormat Review
HowToFormat Review By Jennifer Allen on February 25th, 2015 Our Rating: :: USEFUL TIPSiPhone App - Designed for the iPhone, compatible with the iPad Making a presentation and want to get it just right? HowToFormat teaches you how through some bullet point style tips and tricks.   | Read more »
Thermo Diem Review
Thermo Diem Review By Jennifer Allen on February 25th, 2015 Our Rating: :: GETS TO THE POINTUniversal App - Designed for iPhone and iPad Want to know whether it’s warmer or colder tomorrow? That’s precisely what Thermo Diem will tell you – and nothing more.   | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.