Steve Jobs Says Apple Won’t Bring Home Money Parked Overseas Until Tax Rates Are ‘Fair’
Apple CEO Tim Cook recently fielded questions on Apple’s tax practices, including the company’s decision not to repatriate income earned overseas – at least not just yet. Cook invoked the “f” word when talking about offshore income, saying that he wouldn’t bring Apple’s overseas funds “until there’s a fair rate,” meaning, of course, a “fair” tax rate. Here’s what you need to know about Cook’s comments and Apple’s storied tax history.