But they didn’t discuss the $14.5 billion elephant in the room.
From Bloomberg’s report:
Apple Inc. Chief Executive Officer Tim Cook met Emmanuel Macron in Paris Monday, and according to French officials he didn’t push back against calls by the French president and European allies to change rules in the region to get technology giants to pay more taxes.
The two met at the French presidential palace at the request of Cook.
Macron is leading a group of countries—including Germany, Italy and Spain—that are seeking a way to plug the European loopholes that allow some companies to minimize taxes by funneling profits to jurisdictions such as Ireland or the Netherlands. Macron’s office said the two didn’t discuss past tax disputes, but Cook accepted that fiscal laws worldwide are shifting toward making companies pay tax where money is actually earned…
Monday’s meeting was Macron’s first with an Apple CEO as president. French officials said they also discussed climate change, education, and French economic reforms. Since becoming president in May, Macron’s also met the heads of Alibaba Group Holding Ltd., Google, Facebook Inc., and Cisco Systems Inc.
My take: “Didn’t push back against” barely qualifies as news. Whatever. I’m pretty sure that when the Europeans figure out what the tax rules should be, Apple will follow them. See also: Apple’s tax reform tailwind could be huge