« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

One Million dollars an hour - in Taxes! And glad to be doing it!

By: weco in FFFT | Recommend this post (0)
Sat, 18 May 13 11:05 PM | 59 view(s)
Boardmark this board | Food For Further Thought
Msg. 52417 of 65535
Jump:
Jump to board:
Jump to msg. #


He told Politico -- the most-read blog inside the Beltway -- that he's not going to let the subcommittee blacken Apple's image with the same brush it tarred HP and Microsoft.

"I can tell you unequivocally Apple does not funnel its domestic profits overseas. We don't do that. We pay taxes on all the products we sell in the U.S., and we pay every dollar that we owe."

He told the Washington Post that Apple paid $6 billion in federal taxes last year and is on track to pay $7 billion this year.

"You may not know this, but Apple likely is the largest corporate taxpayer in the U.S.," he said. "When you combine state and federal, Apple is paying approximately $1 million an hour in just domestic income taxes."

http://tech.fortune.cnn.com/2013/05/17/apple-cook-taxes-testimony/


- 86 47 -


- - - - -
View Replies (1) »



» You can also:
« FFFT Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next