Tim Cook discusses taxes before Tuesday’s visit to Congress: ‘Apple does not funnel domestic profits overseas’

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Yesterday Politico reported that Tim Cook will appear before Congress next week to testify in a hearing regarding how the company is handling its overseas finances and domestic taxes, and today Politico has published a brand new interview with the Apple CEO.

Tim Cook and Apple tend to avoid any public discussion aside from comments during quarterly earnings calls, but it seems the company is on a PR offense leading up to next week’s public hearings.

“We don’t have a large presence in Washington, as you probably know, but we care deeply about public policy and believe creative policy can be a huge catalyst for a better society and a stronger economy.”

Cook went on to defend Apple against any accusations that may come its way next week.

“I can tell you unequivocally Apple does not funnel its domestic profits overseas. We don’t do that. We pay taxes on all the products we sell in the U.S., and we pay every dollar that we owe. And so I’d like to be really clear on that.”

The Apple CEO also noted the company’s $100 million project to produce a Mac line in the United States this year, which the company says will add jobs to the economy. Read more

Which iPhone carrier has the fastest network in your area? AT&T, Verizon, & Sprint get accurate comparison by city

The argument over which carrier has the fastest network speed in any given location in the United States is still up for debate. Putting network speed comparisons aside, which are often not an accurate representation of speeds, you will receive in your specific area, a new app from startup SwayMarkets aims to provide a more realistic comparison.

The app, CarrierCompare, allows users to test the network speed of their current carrier against the two other major iPhone providers. CNNMoney went hands-on when the app released last month and just posted the user data it obtained that compares major iPhone carriers in multiple locations.

Analyzing user-generated data from Boston, New York, Washington, Chicago, San Francisco, and Los Angeles, these were the results:

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Upcoming Smithsonian exhibit features the patents and trademarks of Steve Jobs

As part of its events for World Intellectual Property Day 2012, the Smithsonian Institution will exhibit over 300 patents and trademarks credited to Steve Jobs and Apple at the Ripley Center Museum starting May 11. Among the items to be on display: a 1985 Apple Macintosh computer, mouse, and keyboard; a NeXT computer; a 2010 Apple iPod; and 312 documents. The Smithsonian and the U.S. Patent and Trademark Office will display the exhibit until July 18.

The World Intellectual Property Organization released a brochure on its website announcing the Jobs exhibit:

Jobs held 317 utility and design patents in the United States. On display are the patent certificates that list him among the inventors involved in the conceptualization of many iconic Apple products, including computer cases, iOS-based devices, packaging, keyboards, mice and power adaptors, and even the glass staircases found in many Apple stores. In addition to his U.S. patents, Jobs is named on some 28 international applications filed under WIPO’s Patent Cooperation Treaty (PCT) system.

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