Apple ready to repatriate billions to US next year

Apple returns to the attack of the European Commission, after Tuesday's fine that requires the company to Cupertino payment of 13 billion euro to move back taxes in Ireland. "The European legislation on taxes is maddening," said the number one Tim Cook group then called "exasperating" the EU Commission approach to State aid.

Yesterday, the US Treasury Secretary, Jack Lew, had spoken of fury on the part of Brussels against American companies. However, Cook remains "very confident" about the outcome of the appeal against the EU decision: "I am convinced that the verdict will be overturned," he told Irish radio Rte.

While the US government is preparing to close on assets that companies hold outside its borders. In this regard, Cook said he is ready to repatriate a portion of the 181 billion dollars that Apple holds abroad.

Earlier this year the company issued a bond of 12 billion euro to finance its shareholder remuneration plan – buy-back and dividends – and the current task, in order not to affect the liquidity reserves that guards in tax havens.

On the question of how much tax he paid on the profits Apple in 2014, Cook responded "$ 800 million. We paid 400 to Ireland and 400 to the United States and ready to pay several billion just we will repatriate in the US the money from abroad".