Apple's Cook says global corporate tax system must be overhauled

20 Jan by Vitaliy Dadalyan

Apple's Cook says global corporate tax system must be overhauled

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Apple's Cook says global corporate tax system must be overhauledEveryone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration. The growth of internet giants such as Apple has pushed international tax rules to the limit, prompting the Organisation for Economic Cooperation and Development (OECD) to pursue global reforms over where multinational firms should be taxed.