A senior Apple executive said on Tuesday that the company would return more capital to shareholders if US tax laws were relaxed and played down the likelihood that the company would use its excess cash to create new American manufacturing jobs.
The comments by Luca Maestri, Apple’s chief financial officer, could put the company on a collision course with the Trump administration, which hopes to boost US jobs through tax cuts and concessions aimed at getting companies such as the tech group to repatriate cash stranded in overseas accounts.
Mr Maestri’s comments came as Apple stock hit another new high.
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