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>> APPLE INC. Latest News

MAY 20, 2013 - Washington Business Journal

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Apple CEO to push for tax reform on offshore cash

Apple Inc. CEO Tim Cook says he will propose changes to corporate-tax laws to encourage companies to bring more cash into the country, according to Bloomberg. Cook was offering previews of the testimony he will offer Tuesday at a Senate committee that has been probing how companies maneuver to reduce tax bills. Cook said the current tax of 35 percent for money being brought back from overseas is too high. Cupertino-based Apple (NASDAQ: AAPL) has about 1,800 employees working at its Elk Grove campus.

Tags: Apple CEO to push for tax reform on offshore cash,  Apple Inc. Latest News