teknishn: they, like many many other large corporations would like a rate lower than 35% to bring that $$ back to the US.
cman: 30 days kept offshore then brought back: 20%45 days: 25%and it rises all the way to 360 days, 99%This would encourage companies who are sitting on cash piles doing nothing to repatriate the funds.
Grand_Moff_Joseph: Unless Cook is willing to open up every last accounting book to prove beyond a doubt that not a penny of their US profits were transferred off shore, he can shove his "idea" up his iAss.This shiat is exactly why "subsidiaries" are a joke. Youhave your HQ in America? then you pay tax on everything as if it were here. You want to pay lower taxes in EU? Then setup shop there. But, you can't have it both ways.
vudukungfu: Make stuff overseas and use child slaves to make it.Sell it to douchebags who don't care.Take the money and keep it overseas.Apple = China.
cchris_39: If it was earned and tax in another country ...
cchris_39: If it was earned and tax in another country why should the US tax it all?
teknishn: Important to note that the 102 billion offshore cash horde is completely from offshore sales. Not a single penny from US sales. Apple doesn't
Gimli_Gloin: It is legal for someone to arrange their financial affairs (legally) to limit taxes.
notto: cchris_39: If it was earned and tax in another country why should the US tax it all?Because our federal resources are used in those countries to defend trade and intellectual property rights of Apple Inc.
bingethinker: Another anti-Apple headline, sponsored by Samsung.
runcible spork: HOARD, dammit.
jigger: For one hookers are usually disgusting
jigger: Am I the only guy who does not want hookers and blow? For one hookers are usually disgusting. Two, cocaine is just not for me. I never did like it. So if I'm ever invited to a party with those two things I think I'll pass.
skozlaw: bingethinker: Another anti-Apple headline, sponsored by Samsung.[si0.twimg.com image 350x348]
bingethinker: skozlaw: bingethinker: Another anti-Apple headline, sponsored by Samsung.[si0.twimg.com image 350x348]I thought you had to be older than 12 to post here.
Stile4aly: I would be willing to waive taxes on repatriated funds provided that those funds are spent within 1 year on capital investment rather than dividends or executive pay.
BullBearMS: Fixed that for everyone.
xria: Stile4aly: I would be willing to waive taxes on repatriated funds provided that those funds are spent within 1 year on capital investment rather than dividends or executive pay.So then they repatriate the exact amount of funds they planned to spend on capital investment next year anyway, and increase their dividends and executive pay by the same amount. Nice extra loophole to avoid tax you just tried to create, but no thanks.
El Pachuco: Who do you suppose has the advantage in that particular tussle?
El Pachuco: Transfer Pricing - in my MBA program in International Business this was one of the biggest topics we covered. Basically unless the IRS is allowed to keep a staff of several dozen auditors full time at Apple's headquarters, with unlimited access to all files and emails, it is really difficult for the IRS to dispute Apple's claims of exactly where their profits were earned and how the costs and profits were allocated among the hundreds of entities Apple controls around the world.Meanwhile, Apple most definitely keeps a staff of dozens or hundreds of lawyers and accountants working full time to minimize Apple's taxable activities.Who do you suppose has the advantage in that particular tussle?
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