Apple’s deep sense of responsibility to give back
“Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.” (nytimes) says that Apple is going to pay $38 billion in tax to the U.S. Treasury on money that it has been stuffing overseas. Here’s the confusing part to me:
Timothy D. Cook, Apple’s chief executive, said in a statement, “We have a deep sense of responsibility to give back to our country and the people who help make our success possible.”
It makes sense that Apple is bringing the money in before the next Congress comes up with a new tax scheme that is less favorable. But why brag about the company’s “deep sense of responsibility”? It wasn’t quite deep enough to pay taxes at the old rates? But it is deep enough to pay some U.S. taxes at the new lower rates? Apple assumes that nobody will ask these (to me) obvious questions?
Maybe they can use some of the repatriated money to sit down with Honda and create a working version of Apple CarPlay?
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