Will pay 350 million in back taxes and sign an accord on future liabilities. It comes amid allegations the company failed to pay taxes over several years. According to reports, apple is close to signing a deal with samsung and l. G. To make screens for the next generation of iphones. Shares of apple are down for the year. Theyre down around 9 in just the past month. Theyre down about 1 today amid concerns over the iphone supply chain and what the Holiday Season will look like. Dan, we heard tim cook tell 60 minutes that apple pays every tax dollar it owes despite the fact that this inquiry had been ongoing. What do you make of it . Well, i think apple probably does pay every penny that it owes, and i think governments are looking for ways to tap into Revenue Sources that they havent tapped into before because their economies arent growing. Apple is a very big target. They have billions and millions and billions of dollars. Theres really no harm in governments going after large corporat
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