Apple is offering a free book excerpt from Senator John McCain’s new political memoir, The Restless Waves, coming out on May 22.
The section, which is available through the Apple News app, is referred to as an Apple News exclusive. While it was not written exclusively by Apple, it nonetheless underlines how Apple is taking a renewed interest in news reportage and publishing.
There are some truly awful things happening in Syria right now. For more information on exactly what is happening, and why, I suggest this excellent Washington Post round-up of what exactly is going on, and why Congress is now considering an intervention. But the takeaway is pretty bleak, and basically comes down to the notion that there’s not a lot America can do to stop what’s happening in Syria.
That doesn’t mean, though, that the hearings going on in the Senate about whether or not America should intervene aren’t important. Far from it. Which is why Senator John McCain is getting a lot of flack for being caught playing an iPhone poker app during the hearings.
Just a few short weeks before today’s WWDC keynote went down, Tim Cook was grilled by John McCain at the Senate Sub-Committee Hearing to Examine Offshore Profit Shifting and Tax Avoidance by Apple, Inc. Before the hearing was over, Senator McCain let off a joke to Cook that Apple needs to hurry up and add automatic app updates to the App Store:
Sir, there’s only one thing I wanted to ask you today: why do I keep on having to update all the apps on my iPhone? Can’t you guys fix that already?
Turns out that Tim Cook was actually listening, and now iOS 7 is going to get the feature all thanks in part to the efforts of our illustrious senator from Arizona.
McCain even tweeted his thanks to Cook for adding the feature that had most likely been in the works for months before Cook’s Senate appearance, but it’s good to know if we ever need new features added to iOS, just ask John McCain to tell Tim.
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.
“Do you feel that you’ve been bullied or harassed by this committee?” Senator John McCain has just asked Tim Cook at the Senate Sub-Committee Hearing to Examine Offshore Profit Shifting and Tax Avoidance by Apple Inc.
“I feel good to be participating in this. I hope to help the process. I’d like comprehensive tax reform to be passed this year, and we will help in anyway we can.”
“I wasn’t dragged here, sir,” Tim Cook laughed.
“You’ve obviously taken advantage legally of a number of loopholes. Couldn’t you draw a conclusion that you have an unfair advantage over domestic companies?” asked McCain.
“No, it’s not the way I see it. Apple pays 30.5% of its profits in taxes on the United States. I would guess that’s high on the list of how it stacks up against other companies. We do have a low tax rate outside the U.S., but it’s for products we sell there, not within. So the way I look at this is there’s no shifting going on.”
Tim Cook is saying that because domestic companies operate only domestically, Apple has no advantage over them domestically: it only has an international advantage, which isn’t applicable in talking about “competitive advantage” in a U.S.-only context.
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%.