In the Tuesday, May 21, the US Senate held hearings about tax law changes. Now, there are loopholes in the American framework that allows companies to circumvent the payment of taxes in the US budget by creating subsidiaries in offshore zones. However, it does not bother Apple's CEO Tim Cook, who believes that such a scheme does not violate US tax laws.
The Standing Senate Committee on Investigations found that using an offshore scheme, only in 2012, Apple has managed to avoid tax payments in the budget for the US $ 9 billion. For this, the Cupertino-based company uses 3 offshore zones around the world, where there is its subsidiaries.
On this, Tim Cook said that his company is the largest taxpayer in the United States and in 2012 paid to the budget of more than $ 6 billion. "This year, we plan to pay more taxes. We pay all the taxes, it is our duty, "- said Apple CEO.
"The success of our work does not depend on the tax gimmicks. We have not changed the intellectual property in offshore companies to sell products back to the US to avoid paying taxes. We do not hoard money to Caribbean offshore "- continued Tim.
However, his answer is not very satisfied Senator John McCain, a former US presidential candidate of the Republican Party: "Of course, Apple - is a story of great success, but your tax strategy reflects the imperfection US tax system. "
Apple CEO said that he supports the reform of the corporate tax of US law. They provide deoffshorizatsiyu US companies, reducing the corporate income tax rates and reasonable tax rates for foreign exchange earnings. "We recognize these and other improvements in the US tax system and we understand that it may increase our tax payments", - said Cook.
Of course, the tax issue - not the most important in the life of Apple. We, the users, is much more interesting to learn about new products and services over which the company operates. But you must admit that it is much nicer to use the products of the company, which does business honestly think?