Tim Cook calls notion of Apple avoiding US taxes 'political crap'

Apple CEO says the company pays 'every tax dollar we owe' amid debate in the US over corporations avoiding tax by using offshore units

Apple's chief executive Tim Cook has dismissed as "total political crap" the notion that the technology giant was avoiding taxes.

Cook's remarks, made on CBS' 60 Minutes show, come amid a debate in the United States over corporations avoiding taxes through techniques such as so-called inversion deals, where a company re-domiciles its tax base to another country.