Tim Cook's meeting with French President Macron was relatively brief and to the Point about future Taxes
Earlier today Patently Apple reported on Apple's CEO meeting with the CEO and team of Eldim in Normandy France. Their technology is behind the new Face ID camera for iPhone X. Later in the day Apple's CEO met Emmanuel Macron in Paris. According to French officials, Cook didn't push back against calls by the French president and European allies to change rules in the region to get technology giants to pay more taxes. The two met at the French presidential palace at the request of Cook, Bloomberg reports.
The report further noted that "Macron is leading a group of countries -- including Germany, Italy and Spain -- that are seeking a way to plug the European loopholes that allow some companies to minimize taxes by funneling profits to jurisdictions such as Ireland or the Netherlands. Macron's office said the two didn't discuss past tax disputes, but Cook accepted that fiscal laws worldwide are shifting toward making companies pay tax where money is actually earned.
Monday's meeting was Macron's first with an Apple CEO as president. French officials said they also discussed climate change, education, and French economic reforms." If I learn of anything new and newsworthy about their meeting I'll update this report later today.
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