Tim Cook meets with Speaker of US House of Representatives, John Boehner
U.S. House Speaker John Boehner's office has released a picture of Boehner meeting with Apple CEO Tim Cook on Wednesday. While Boehner's staff didn't go into details about the meeting, MacRumors theorizes that Cook was lobbying for a tax holiday, allowing Apple to bring some of its offshore funds back into the U.S.
Fortune first reported in February that Apple was lobbying for a tax holiday to alleviate the 35% rate that repatriated funds are currently taxed at. Apple and other corporate entities would like the government to drop this rate to 5% for a year.
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