This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
CNET News Video: Cook hits back at tax critics, says Apple pays its fair share
About Video Comments (0 ) Transcript

CNET News Video: Cook hits back at tax critics, says Apple pays its fair share

1:47 /

Apple CEO Tim Cook offers impassioned rejoinder to critics claiming the company uses gimmicks and tax loopholes.

-You swear that the testimony you're about to give will be the truth, the whole truth and nothing but the truth, so help you God. -I do, so help me God. -We pay all of the taxes we owe every single dollar. We not only comply with the laws, but we comply with the spirit of the laws. We don't depend on tax gimmicks. We don't move intellectual property offshore and use it to sell our products back to the United States to avoid taxes. We don't stash money on some Caribbean Island. Unfortunately, the tax code has not kept up with the digital age. We recommend a dramatic simplification of the corporate tax code. This reform should be revenue neutral, eliminate all corporate tax expenditures, lower corporate income tax rates and implement a reasonable tax on foreign earnings that allows the free flow of capital back to the United States. -Can you understand there's a perception of unfair advantage here, Mr. Cook? -Sir, I see this is a very complex topic that-- I'm glad that we're having the discussion. But I honestly speaking, I don't see it as being unfair. I'm not an unfair person. That's not who we are as a company or who I am as an individual. And-- so I would not preside over that, honestly. I don't see it in that way. -I thank you. I'm out of time. What I really wanted to ask you, is why the hell I have to keep updating apps on my iPhone overtime? And why you don't fix that? I thank you Mr. Chairman. -Sir, we're trying to make them better all the time. -Thank you. We have--

New releases

HTC Desire 510 offers affordable...
1:17 September 2, 2014
If you desperately want 4G, the Desire 510 won't break the bank. CNET's Rich Trenholm finds out if it's worth...
Play video
Brainwave tech could help ALS patients...
2:32 August 30, 2014
Patients with Lou Gehrig's Disease can become paralyzed, and technology is now being developed that could...
Play video
ALS patient more independent with...
3:12 August 30, 2014
Eric Valor has been living with ALS, or Lou Gehrig's disease, for nearly a decade, but he says technology,...
Play video
2014 Mazda MX-5 Miata Grand Touring...
22:01 August 29, 2014
25 years of Miata: Why it still works. How your commute is worse than just boring, read the secret information...
Play video
Google tests drone delivery, iPhone...
2:54 August 29, 2014
Look up in the sky for a special delivery from Google's Project Wing, keep waiting for that "iWatch," and...
Play video
Make your Chromebook more PC-l...
1:58 August 29, 2014
Do you wish your Chromebook could feel a little more like a regular PC? Here are some simple tips on how to...
Play video
Nvidia Shield Tablet: Best tablet...
2:49 August 29, 2014
The 8-inch Shield Tablet boasts Nvidia's latest powerful Tegra K1 processor and graphics, and plugs into a...
Play video
Indie Games of Summer
3:14 August 29, 2014
Five indie console games that you should check out right now.
Play video