Quote:
Originally Posted by nightfighter
There isn't a prayer in hell that Apple considers doing this unless the door was open for them to avoid paying taxes on a portion of this offshore war chest. They have kept funds off shore for years to avoid accounting for how much they have as well as paying taxes to the IRS. So they get a sweetheart deal and are going to pay $38 billion in taxes on that amount (pick a number, or let's use $252 billion) at a much lower rate than when they earned all this money, going back to company's founding. Who is to say that there isn't more than the 252 billion that will be repatriated and should have been taxed all along? This would not be the largest single tax payment if the debt had been rightfully paid when it should have been instead of being steered to an Irish bank. $38 billion is but a fraction of what they really should be paying, yet it is being spun as they are doing such great things by investing in the US economy..... yes. after t#^&#^&#^&#^&#^&g it up our arses for years.....
|
Do you pay more than you have to? Why should the Apple shareholders? Thanks to the tax incentives, the irs will get 38 billion they otherwise would it have. That’s a good thing.
Posted from my iPhone/Mobile device