Apple's Cook to propose tax changes at congressional hearing: report

(Reuters) - Apple Inc CEO Tim Cook will propose tax changes that would encourage firms to bring home more of their offshore funds when he faces congressional queries next Tuesday over his company's overseas cash holdings and tax bills, the Washington Post reported. Cook's proposals would aim to put more companies' offshore money to use creating jobs and conducting research and development in the United States, he said in an interview with the Post. Cook also told the Post that the 35 percent tax on cash brought back to the United States is a "very high number. ...

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