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Apple's CEO and U.S. Treasury's Steven Mnuchin met today as the U.S. opposes the OECD's Report on taxing U.S. Digital Companies like Apple

1 X Cover Steven Mnuchin with Apple's CEO at Apple Park

 

United States Secretary of the Treasury Steven Mnuchin is seen in our cover photo with Apple's CEO at Apple Park. The original photo could be found on Mnuchin's Twitter account. On one hand Mnuchin was there to personally thank Apple's CEO for their commitment to invest $350B in the U.S. On the other hand, Mnuchin was like there to keep Apple up to date on the recent OECD report and the U.S. response.

 

The meeting coincided with Mnuchin's official press release issued earlier in the day regarding the Organization for Economic Co-Operation and Development's (OECD) report on taxation of the digital economy:

 

"The U.S. firmly opposes proposals by any country to single out digital companies. Some of these companies are among the greatest contributors to U.S. job creation and economic growth. Imposing new and redundant tax burdens would inhibit growth and ultimately harm workers and consumers. I fully support international cooperation to address broader tax challenges arising from the modern economy and to put the international tax system on a more sustainable footing."

 

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