Apple on offense over $100B offshore stash

[brooklynite]

Source: Politico

Apple is under so much pressure in Washington over its offshore cash that it’s doing things it almost never does.

CEO Tim Cook is coming to Washington to testify in front of a panel of senators about stashing more than $100 billion overseas, rather than sending a lower-level executive.

And Cook is even talking with D.C. reporters ahead of his visit, including POLITICO in a rare interview.

The Apple offensive is a reminder of how powerful even an unpopular Washington remains, when it can still make even a mega-brand nervous.

Read more: http://www.politico.com/story/2013/05/apple-tim-cook-congress-tax-91501.html

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Give me a pro-rated amount for my stock holding and I'll pay the taxes and call it a day.

[Demeter]

1. Obviously, Whatever Jobs Had for Blackmail Material

didn't pass through to his heirs.

[Kelvin Mace]

2. That Cook is talking to Politico

tells me everything I need to know about him.

[cprise]

4. Yes... Apple's idea mill is out of gas

They are mapping out a future where their customers pay an increasing amount of their IT purchases as rents.

[blkmusclmachine]

3. If you're not doing anything wrong, then you've got nothing to hide.

Right?!!!