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Tim Cook defends Apple ahead of Senate hearing, reveals more about US manufacturing plans

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Apple CEO Tim Cook is heading to Washington, DC on Tuesday, May 21st to testify before a Senate committee scrutinizing Apple's massive offshore cash hoard of about $100 billion, which the company doesn't pay US taxes on. But Cook is already going on the offensive ahead of the hearing, giving a rare interview to Politico today saying he will stand by the legality of his company's practices. “I can tell you unequivocally Apple does not funnel its domestic profits overseas," Cook said, according to Politico. "We don't do that. We pay taxes on all the products we sell in the US, and we pay every dollar that we owe. And so I'd like to be really clear on that."

Aside from the tax dispute, Cook also provided Politico new details on what Apple is working on in terms of hardware, specifically revealing that the new computer to be manufactured in the US is "a new version of a current Mac product," according to Politico — and that many of the internal components will also be manufactured in the US, specifically in the states of Arizona, Texas, Illinois, Florida and Kentucky. “We’re going very deep in this project,” Cook said in the interview. We'll have to wait till the hearing next week to hear what else Cook reveals about Apple's finances and products to the US Senate ahead of WWDC in June, but for now, the new details are illuminating on their own.