Apple CEO Tim Cook said Wednesday the company will bring back the “vast majority” of the $250 billion Apple currently has in overseas holdings and invest the money in more U.S. facilities.
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He told ABC News he has been advocating to repatriate the tech giant's overseas profits.
“We’ve always felt very comfortable with paying a lot in taxes. Just not a huge amount. And we like the repatriation agreement on the corporate tax side, and we’re going to bring the vast majority of it here,” he said.