• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Watch who Tim Cook talks to in the Washington press corps

By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
By
Philip Elmer-DeWitt
Philip Elmer-DeWitt
Down Arrow Button Icon
May 17, 2013, 6:35 AM ET
Cook. Photo: Chris Hondros/Getty Images

FORTUNE — Tim Cook is coming to Washington next week, summoned by the same Senate subcommittee that blasted Microsoft (MSFT) and Hewlett Packard (HPQ) last fall for funneling U.S. profits overseas to avoid paying U.S. taxes on them.

But Apple’s (AAPL) CEO — whose company famously keeps $102 billion in profits in overseas accounts — is ready for battle, and he softened the ground Thursday with a pair strategically targeted interviews.

He told Politico — the most-read blog inside the Beltway — that he’s not going to let the subcommittee blacken Apple’s image with the same brush it tarred HP and Microsoft.

“I can tell you unequivocally Apple does not funnel its domestic profits overseas. We don’t do that. We pay taxes on all the products we sell in the U.S., and we pay every dollar that we owe.”

He told the
Washington Post
that Apple paid $6 billion in federal taxes last year and is on track to pay $7 billion this year.

“You may not know this, but Apple likely is the largest corporate taxpayer in the U.S.,” he said. “When you combine state and federal, Apple is paying approximately $1 million an hour in just domestic income taxes.”

And who hasn’t Cook talked to — at least not yet? The New York Times, the other Beltway must-read paper. The Times won a Pulitzer Prize for a controversial series last year that took what Cook clearly felt were unfair pot shots at Apple.

“We care about every worker in our worldwide supply chain,” he wrote in a memo to Apple employees after the Times accused Apple of heartlessly exploiting Asian factory workers. “Any suggestion that we don’t care is patently false and offensive to us. As you know better than anyone, accusations like these are contrary to our values. It’s not who we are.”

Coburn on Morning Joe.

Speaking of unfair pot shots, I’m looking forward to Cook’s questioning by Tom Coburn, the junior senator from Oklahoma who told the hosts of MSNBC’s Morning Joe last year that the Times’ account of Apple’s tax strategies made him see red:

“I’m livid about that,” he said. “We have a tax code. Why should Apple pay at 10% and some company that can’t export their technology, why are they paying 35%? Let’s get rid of the loopholes.”

Yet when asked about a repatriation tax holiday — a one-time bring-your-cash-home-for-free card that even Cook feels would be unfairly generous to U.S. corporations — Coburn was all for it. It was priceless video, and we saved it. See Sen. Tom Coburn is ‘livid’ about Apple’s tax loopholes.

See also: Tim Cook to testify on taxes: Did the N.Y. Times have it wrong?

About the Author
By Philip Elmer-DeWitt
See full bioRight Arrow Button Icon

Latest in

Photo of MacKenzie Scott
SuccessMacKenzie Scott
MacKenzie Scott’s $7 billion year: Philanthropist credits dentist and college roommate as inspirations for monumental giving
By Sydney LakeDecember 10, 2025
5 minutes ago
David Zaslav wearing sunglasses
SuccessWealth
Netflix–Paramount bidding wars are pushing Warner Bros CEO David Zaslav toward billionaire status—he has one rule for success: ‘Never be outworked’
By Preston ForeDecember 10, 2025
8 minutes ago
Four men pose for photo
CryptoCryptocurrency
Exclusive: Surf, an AI platform just for crypto, raises $15 million
By Carlos GarciaDecember 10, 2025
34 minutes ago
A pile of gold coins and gold bars.
Personal Financegold prices
Current price of gold as of December 10, 2025
By Danny BakstDecember 10, 2025
2 hours ago
housing affordability
Real EstateHousing
America’s mobile housing affordability crisis reveals a system where income determines exposure to climate disasters
By Ivis Garcia and The ConversationDecember 10, 2025
2 hours ago
Zohran
PoliticsElections
Political communication scholar on how Zohran Mamdani hacked ‘slacktivism’ to appear on your phone, on your street and in your mind
By Stuart Soroka and The ConversationDecember 10, 2025
2 hours ago

Most Popular

placeholder alt text
Economy
‘Fodder for a recession’: Top economist Mark Zandi warns about so many Americans ‘already living on the financial edge’ in a K-shaped economy 
By Eva RoytburgDecember 9, 2025
19 hours ago
placeholder alt text
Politics
Exclusive: U.S. businesses are getting throttled by the drop in tourism from Canada: 'I can count the number of Canadian visitors on one hand'
By Dave SmithDecember 10, 2025
4 hours ago
placeholder alt text
Success
When David Ellison was 13, his billionaire father Larry bought him a plane. He competed in air shows before leaving it to become a Hollywood executive
By Dave SmithDecember 9, 2025
1 day ago
placeholder alt text
Banking
Jamie Dimon taps Jeff Bezos, Michael Dell, and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national security initiative
By Nino PaoliDecember 9, 2025
20 hours ago
placeholder alt text
Uncategorized
Transforming customer support through intelligent AI operations
By Lauren ChomiukNovember 26, 2025
14 days ago
placeholder alt text
Economy
The 'forever layoffs' era hits a recession trigger as corporates sack 1.1 million workers through November
By Nick Lichtenberg and Eva RoytburgDecember 9, 2025
1 day ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.