Tim Cook blamed the US government’s outdated tax code for controversy over Apple’s huge offshore cash pile and defended its use of encryption technology, in a wide-ranging interview with CBS News’ 60 Minutes that aired on Sunday night.
Apple’s chief executive said accusations the company was avoiding paying taxes by holding more than $180bn of its cash balances outside the US were “total political crap. Apple pays every tax dollar we owe”.
The European Commission recently extended its probe into Apple’s alleged sweetheart tax deal with the Irish government. A final decision over whether Dublin offered the US group illegal preferential tax terms is expected early next year.
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