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Cook bashes talk Apple is dodging taxes

Tim Cook, CEO of Apple, gestures while responding to questions on October 19, 2015 in Laguna Beach, California at the opening of the 2015 WSJD LiveApple chief Tim Cook emphatically rejected accusations that the world’s richest company is sidestepping US taxes by keeping bundles of cash overseas, suggesting that the claim was politically motivated. World leaders last month approved a crackdown on tax avoidance by multinationals such as Apple, Google and McDonald’s, major firms whose rock-bottom tax bills have provoked widespread outrage in the United States and beyond. Cook argued that Apple pays the biggest tax tab in the United States and that it keeps more money overseas than other company because two-thirds of its business is there.

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