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Tim Cook calls tax evasion claims ‘total political crap’ on ’60 Minutes’

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Tim Cook calls tax evasion claims ‘total political crap’ on ’60 Minutes’

60 Minutes on Friday shared a one minute clip from its upcoming interview with Apple CEO Tim Cook. In the preview, Charlie Rose asks for Cook’s thoughts regarding Apple’s congressional tax hearing, which found the company to be engaged in a “sophisticated scheme” to avoid taxes on its $74 billion held overseas.

“That is total political crap,” Cook says. “There is no truth behind it. Apple pays every tax dollar we owe.” He explains that Apple does a lot of business overseas, which is why a lot of its revenues are overseas, and although the company would like to bring that cash back to the United States, it would cost 40% to do so.
Cook will also talk about encryption and terrorism, a topic that, while already heated months ago, is still a burning topic for the Cupertino-based company as it focuses on encryption for its platform. Several different groups across the board are trying to get Apple to change this policy in one way or another, including leaving “backdoors” in its software so that, when requested upon, Apple could discern the information without the owner.
Apple believes, and has repeated, that leaving a backdoor for official agencies would only leave a backdoor for criminals, too, and with that in mind has remained steadfast in its decision to use encryption.
Mr. Rose will also be talking with Apple design chief Jony Ive, from inside his secret design lab, and retail head Angela Ahrendts, who has given Rose a tour of a concept design for future Apple retail stores.

60 Minutes on Friday shared a one minute clip from its upcoming interview with Apple CEO Tim Cook. In the preview, Charlie Rose asks for Cook’s feelings relating to Apple’s congressional tax listening to, which discovered the corporate to be engaged in a “refined scheme” to steer clear of taxes on its $74 billion held in another country.
“That is overall political crap,” Cook says. “There isn't any fact at the back of it. Apple will pay each and every tax greenback we owe.” He explains that Apple does a large number of industry out of the country, that is why a large number of its sales are in another country, and even if the corporate want to deliver that money again to america, it will value 40% to take action.

Cook may also speak about encryption and terrorism, a subject matter that, at the same time as already heated months in the past, continues to be a burning matter for the Cupertino-primarily based corporate because it focuses on encryption for its platform. Several other teams around the board are looking to get Apple to switch this coverage in a method or any other, together with leaving “backdoors” in its tool in order that, while asked upon, Apple may just figure the tips with out the landlord.

Apple believes, and has repeated, that leaving a backdoor for reliable businesses might best depart a backdoor for criminals, too, and with that during thoughts has remained steadfast in its determination to make use of encryption.

Mr. Rose can also be speaking with Apple layout leader Jony Ive, from inside of his mystery layout lab, and retail head Angela Ahrendts, who has given Rose a excursion of an idea layout for long run Apple retail retail outlets.
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