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Apple’s Tim Cook Flatout Rejects US Senate Caining

Posted: May 24th, 2013 | Author: | Filed under: REBLOG | Tags: , , , , | Comments Off on Apple’s Tim Cook Flatout Rejects US Senate Caining

Apple CEO Tim Cook Rejects US Senate ReportApple’s CEO Tim Cook has defended his company’s tax avoidance  tactics, Cook faced a grilling by US lawmakers accusing the tech-behemoth of sham subsidiaries and convoluted strategies to shift profits offshore, however Cook strenuously denied the company used gimmicks to avoid paying taxes. Cook told a US Senate committee Apple paid all the taxes it owed, complying with not only the law, but the spirit of the law.

Cook said last year Apple paid $US6 billion to the US coffers, a tax rate of about 30 percent.

The high level US Senate committee investigating corporate offshore tax avoidance has accused Apple of shifting billions of dollars in profits to avoid paying US taxes on a massive scale. It found Apple avoided paying $9 billion in tax in 2012. Earlier, Panel chairman Senator Carl Levin accused Apple of “exploiting an absurdity” in its tax payments.

Mr Cook told the hearing that Apple lives up to its tax obligations and more, but some lawmakers expressed outrage over findings of the panel’s probe that the tech-behemoth avoided taxes by using a web of foreign subsidiaries, some without any tax jurisdiction :: Read the full article »»»»


No iPhone 5? Say Hello to iPhone 4S!

Posted: October 5th, 2011 | Author: | Filed under: Apple, Cloud, Favorite New Thought, iPhone, iPhone 4, iPhone 5, Michael Courtenay, Smartphone, Technoid Computer News, Technoid Gadget News, Technoid Love, Übergadget | Tags: , , , , , , | Comments Off on No iPhone 5? Say Hello to iPhone 4S!

In his first step-up to the product stage, Apple’s CEO Tim Cook has announced a new version of the iPhone. Meet iPhone 4S. Apple’s new iPhone 4S runs on the new iOS 5 platform and it’s powered by Apple’s new dual-core A5 chip – twice as fast as A4.  The new smartphone’s battery life is claimed to offer either 8 hours of 3G talk time, 6 hours of browsing, 9 hours on Wi-Fi, 10 hours of video playback and 40 hours of music. The iPhone 4S holds on to the ground-breaking Retina display technology and glass back of its predecessor, but has undergone something of a gutsy revamping. Apple’s latest smartphone gets a brand new dual-core processor, an 8 megapixel camera capable of also shooting full high definition video, and a new personal assistant application that uses voice recognition. Read the full article »»»»


APPLE: Cook’s First Deal Floored, Dropbox Turns Down $800m

Posted: September 12th, 2011 | Author: | Filed under: Apple, Cloud, Favorite New Thought, Kiss My . . ., M.Aaron Silverman, Technoid Computer News | Tags: , , , , , , , , , , , , , | Comments Off on APPLE: Cook’s First Deal Floored, Dropbox Turns Down $800m

Speculation on Apple CEO Steve Jobs resignation and the markets perceived pressure on incoming CEO Tim Cooks performance was rife a couple of weeks ago, many analysts speculated that following the change at the top, we would see a marked differences in the way Apple made decisions, that Cook would need to stamp his mark quickly. Read the full article »»»»