Everyone knows that the global corporate tax system needs to be overhauled, Apple chief executive Tim Cook has said, backing changes to global rules that are under consideration. I’m hopeful and optimistic that they [the OECD] will find something,” Mr Cook said. READ MORE Apple CEO Tim Cook receives IDA Ireland Special Recognition Award from TaoiseachApple is one of Ireland’s largest multinational employers with 6,000 workers. Mr Cook said Apple’s belief that “law should not be retrofitted” was at the heart of the case and that the company had great faith in the justice system. Apple’s commitment to Ireland, which became its first European operation in 1980, was “unshakable”, Mr Cook said.

Source: Irish Examiner January 20, 2020 18:00 UTC