Subtitles section Play video Print subtitles The corporate tax rate is cut, would you expect Apple to use those residuals to add more jobs? Yeah, I do I believe that tax reform is sorely needed in this in this country. We don't focus on the individual side. But for corporations, we think we have a pretty deep perspective on this. The biggest issue with corporations in this country is, that if you earn money outside the United States which most companies increasingly will. The only way you can, and it's taxed in those countries by the way. The only way that you can bring it into the US and invest, is if you pay 40% for us. And this is kind of a crazy thing to do, so what do the people do? They don't bring it to United States Well, this isn't a good thing for US There's no tax receipts there and it's not good for investment in the US. And so this needs to be fixed, in my view, it should have been fixed years ago. But let's get it done now. Hey there, thanks for checking out CNBC on YouTube. Be sure to subscribe to stay up-to-date on all of the days of biggest stories. You can also click on any of the videos around me to watch the latest from CNBC. Thanks for watching.
A2 US cnbc tax reform fixed apple corporate tax Apple CEO Cook: Tax Reform Is Sorely Needed | CNBC 60 5 jenny posted on 2018/01/03 More Share Save Report Video vocabulary