Privacy or Security? – Tim Cook Says We Should Have Both

 

Time Business reports that, in a 60 Minutes interview with Charlie Ross broadcast Sunday, December 20, 2015, “Apple CEO Tim Cook said that Americans shouldn’t have to choose between privacy and national security. “We’re America,” Cook said. “We should have both.””

“If the government lays a proper warrant on us today, then we will give the specific information that is requested, because we have to by law,” said Cook. “In the case of encrypted information, we don’t have it to give,” he added, meaning that once data is encrypted, even Apple can’t access it.

Cook defended Apple’s controversial tax strategies on Capitol Hill May 21, 2013 in Washington, D.C. regarding its foreign income earned overseas in low-tax countries like Ireland.

This was also discussed during the interview with Charlie Ross on Sunday, Tim Cook further explains his position as follows –

“I’d love to bring it home,” said Cook about Apple’s foreign-earned income. But he argued that the taxes Apple would have to pay on that money are too high. “It would cost me 40% to bring it home, and I don’t think that’s a reasonable thing to do,” said Cook. “This is a tax code, Charlie, that was made for the industrial age, not the digital age. It’s backwards. It’s awful for America. It should have been fixed many years ago. It’s past time to get it done.”

Cook then directly addressed accusations that Apple is effectively dodging its tax bill on foreign-earned income. “That is total political crap,” said Cook. “There’s no truth behind it. Apple pays every tax dollar we owe.”

Here is a link to the TIME article…Tim Cook

Tim Article – “Tim Cook: ‘We Should Have Both’ Privacy and Security”

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About HDA Consulting, LLC

HDA Consulting LLC provides a variety of accounting services including; forensic & litigation consulting, fraud & embezzlement investigation, payroll & tax. http://hdaconsultingllc.net. Try TSheets https://www.tsheets.com/#a:hdaconsulting
This entry was posted in 60 Minutes, Apple, Business Tax, CBS, Corporate Tax, privacy, security, tax tips, Tech and tagged , , , , , , . Bookmark the permalink.

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