- In an interview with 60 Minutes' Charlie Rose set to air today, Apple (NASDAQ:AAPL) CEO Tim Cook defends Apple's tax practices.
- Cook dismisses claims that Apple does its best to avoid paying taxes on overseas earnings as "total political crap," adding that "Apple pays every tax dollar we owe.”
- "It would cost me 40% to bring it home, and I don't think that's a reasonable thing to do," Cook says. "This is a tax code, Charlie, that was made for the industrial age, not the digital age. It's backward. It's awful for America. It should have been fixed many years ago. It's past time to get it done."
- The segment will also go inside Apple's design lab with Jony Ive, and take an early look at a new Apple store design with Angela Ahrendts.
- Related: Apple: Why This Isn't 'Peak iPhone' (Dec. 17)