Senator John McCain had a lot of fun grilling Tim Cook at yesterday’s Senate Sub-Committee Hearing, but before he was done he couldn’t help but let off one little joke as he asked Tim why he has to keep on updating all the apps on his iPhone manually.
“Can’t you guys fix that already?” McCain asked.
Cook let off a chuckle before stating that Apple is “working on making our products better all the time.” But we know what the southern gent was really thinking.
Senator John McCain just laid out his case against Apple in Washington D.C. in a Senate hearing about Apple’s tax rates, and he’s out for blood.
According to McCain, although 95% of Apple’s research and development happens in the USA, they funnel most of their profits through overseas entities that are not tax residents in any country in the world.
Ireland is a big target for McCain here. Ireland has long had liberal tax policies in an attempt to attract foreign companies, but McCain says that Apple paid less than $10 million in taxes on $22 billion in earnings in Ireland, a tax rate of less than 1.20th of 1%.