Wednesday, March 3, 2021

Tag: Apple CEO Tim Cook: Global Tax System Needs to Be Overhauled

Apple CEO Tim Cook: Global Tax System Needs to Be Overhauled

by Lucas Nolan, Breitbart:

Tim Cook, the CEO of tech giant Apple, has stated that a global overhaul of tax regulations is needed. Cook supports a current initiative by the Organisation for Economic Cooperation and Development to pursue global reforms on where multinational firms should be taxed.

Reuters reports that Apple CEO Tim Cook has expressed his support of and initiative by the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed. The reforms center around booking the profits of multinational firms such as countries in low-tax countries such as Ireland where Apple’s business outside the U.S. is based, rather than where most of their customers are.