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.
Tim Cook meets with Speaker of US House of Representatives, John Boehner originally appeared on TUAW – The Unofficial Apple Weblog on Tue, 15 May 2012 23:30:00 EST. Please see our terms for use of feeds.