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

FILE Image: Apple’s CEO Tim Cook dinner speaks with Singapore Paralympian Theresa Goh (unseen) at the OCBC Aquatic Centre, Singapore Athletics Hub December 12, 2019. REUTERS/Edgar Su

DUBLIN (Reuters) – Anyone is familiar with that the worldwide company tax method wants to be overhauled, Apple (AAPL.O) Main Executive Tim Cook dinner explained on Monday, backing improvements to worldwide principles that are at the moment below consideration.

The progress of net giants such as Apple has pushed international tax regulations to the limit, prompting the Organisation for Financial Cooperation and Advancement (OECD) to pursue world reforms more than in which multinational firms must be taxed.

“I believe logically most people appreciates it requirements to be rehauled, I would surely be the past man or woman to say that the present method or the earlier process was the fantastic program. I’m hopeful and optimistic that they (the OECD) will discover a thing,” Cook dinner reported in an event in Ireland, exactly where it is one particular of the largest multinational businesses.

Reporting by Padraic Halpin Editing by Alex Richardson

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