"The tax code has not kept up with the digital age ..."
Tim Cook, CEO Apple Inc., May 21st 2013
The full paragraph is as follows:
Under the current U.S. corporate tax system, it would be very expensive to repatriate that cash. Unfortunately, the tax code has not kept up with the digital age. The tax system handicaps American corporations in relation to our foreign competitors who don’t have such constraints on the free flow of capital.
