In an interview with Irish public broadcaster RTÉ, Apple CEO Tim Cook said Thursday that the company planned on bringing billions of dollars held overseas back to the United States to be subject to American taxes.
“We provisioned several billion dollars for the US for payment as soon as we repatriate it, and right now I would forecast that repatriation to occur next year,” Cook said.
The interview came two days after the European Commission ordered Ireland to collect €13 billion (£11.1 billion/$14.5 billion) in back taxes from Apple after the company benefitted from years of a sweetheart deal and dubious, but legal, tax shenanigans.
