Apple on ’60 Minutes’ — Full Transcript →

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Charlie Rose:

Tim Cook: Because it would cost me 40 percent to bring it home. And I don’t think that’s a reasonable thing to do. 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.

Charlie Rose: But here’s what they concluded. Apple is engaged in a sophisticated scheme to pay little or no corporate taxes on $74 billion in revenues held overseas.

Tim Cook: That is total political crap. There is no truth behind it. Apple pays every tax dollar we owe.

A few interesting tidbits inside for those of you who are interested in what goes on behind the scenes, including Tim Cook seemingly slightly frustrated over the constant accusations.

As a user, I’m glad he’s fighting our battle for privacy.

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