Tuesday, May 21, 2013

The U.S. Senate says Apple has avoided paying ... - The Mundo.es

Apple CEO, Tim Cook, will appear before a Senate committee in Washington, in which he presented a document that proves the existence of a complex network foreign companies which managed to avoid the payment of billions of tax dollars in the United States .

So informed the Senate committee on the eve of the hearing. The 40-page document provides information about the computer company and its international ramifications.

Meanwhile, Apple released the statement (PDF) that Cook prepared to present to the committee. “Apple respects the laws and spirit of the laws,” says Cook. “And Apple pays all taxes that are in this country and beyond the borders” .

In fact, Cook denies that use giant “tax cheats” and claimed to be one of the companies that “pay more taxes in the United States”, with 6,000 million in corporate taxes only in FY2012.

Tim Cook Apple denies that use “tricks” to evade taxes in the U.S., Business Telecommunications, media and technology. Expansión.com

At the same time, Cook seeks a reform of the tax laws . They failed to keep up with “at the speed of the digital age and rapidly changing global economy.”


Taxes

Like other companies, Apple is under scrutiny for its tax practice.

So, the iPhone maker recently requested a loan of 17,000 million dollars to pay dividends and repurchase shares and not have to appeal to their reserves.

These are mostly foreign and Apple should have paid 35% in taxes if the money entered the United States. The percentage is inappropriately high, Cook said in an interview last week.

According to the latest data from the March quarter, Apple has 100,000 million of its 145,000 cash outside the U.S. . Last year Apple international operations accounted for about 61% of total company revenues California.

Senate subcommittee hearing as part of its investigation on “the structures and methods of U.S. multinationals to shift their profits abroad” and its effects on tax collection in the U.S..

No comments:

Post a Comment