Tim Cook calls for global overhaul of corporate taxes

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Tim Cook delivers the goods at Apple's iPhone 11 event.
Cook says worldwide corporate tax reform is "desperately" needed and that Euroepan privacy regulation needs tightening.
Photo: Apple

Apple CEO Tim Cook called for worldwide corporate tax reform Monday, saying the tech giant “desperately” wants the system to be fair.

Speaking in Ireland at an awards event, Cook said he thinks “logically everybody knows it needs to be rehauled. I would certainly be the last person to say that the current system or the past system was the perfect system.”