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Apple on offense over $100B offshore stash
Source: Politico
Apple is under so much pressure in Washington over its offshore cash that its doing things it almost never does.
CEO Tim Cook is coming to Washington to testify in front of a panel of senators about stashing more than $100 billion overseas, rather than sending a lower-level executive.
And Cook is even talking with D.C. reporters ahead of his visit, including POLITICO in a rare interview.
The Apple offensive is a reminder of how powerful even an unpopular Washington remains, when it can still make even a mega-brand nervous.
CEO Tim Cook is coming to Washington to testify in front of a panel of senators about stashing more than $100 billion overseas, rather than sending a lower-level executive.
And Cook is even talking with D.C. reporters ahead of his visit, including POLITICO in a rare interview.
The Apple offensive is a reminder of how powerful even an unpopular Washington remains, when it can still make even a mega-brand nervous.
Read more: http://www.politico.com/story/2013/05/apple-tim-cook-congress-tax-91501.html
Give me a pro-rated amount for my stock holding and I'll pay the taxes and call it a day.
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Apple on offense over $100B offshore stash (Original Post)
brooklynite
May 2013
OP
Demeter
(85,373 posts)1. Obviously, Whatever Jobs Had for Blackmail Material
didn't pass through to his heirs.
Kelvin Mace
(17,469 posts)2. That Cook is talking to Politico
tells me everything I need to know about him.
cprise
(8,445 posts)4. Yes... Apple's idea mill is out of gas
They are mapping out a future where their customers pay an increasing amount of their IT purchases as rents.
blkmusclmachine
(16,149 posts)3. If you're not doing anything wrong, then you've got nothing to hide.
Right?!!!