Apple’s CEO Tim Cook today met with the Speaker of the U.S. House of Representatives John Boehner. The reason for the meeting is still uknown, but it is possible that Cook was lobbying Boehner to pass a tax holiday that would allow Apple and other companies with large overseas tax holdings to bring back their earnings at a lower corporate tax rate.
The picture shows the official Speaker of the House and Cook having a conversation with formal attire in Washington, D.C. The photo came with no details and it is unknown what the two were discussing.
Boehner is an outspoken opponent of a House measure aimed at China that would make U.S. take action if it was suspected that a country was manipulating the value of its currency.
As of the most recent earnings call, Apple has $74 billion of its $110 billion in cash and marketable securities offshore.