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originally posted by: seasonal
I seriously doubt that the equation is as easy as each of us keyboard warriors think it is.
originally posted by: AugustusMasonicus
originally posted by: eManym
With Apple's net worth totaling almost a trillion dollars, its easy to see the effects of their move.
I would personally prefer that money were here but I do understand their rationale for moving it overseas.
After the US technology colossus stated publicly in 2013 that it was paying its proper share of taxes, it moved the bulk of its untaxed overseas cash to the Channel Islands jurisdiction Jersey, the New York Times and BBC reported based on a once-secret cache of documents referred to as the Paradise Papers.
originally posted by: schuyler
BECAUSE the Federal tax rate for corporations is among the HIGHEST of any country at 35%. If you want productivity to rise, you cut taxes.
originally posted by: LogicalGraphitti
originally posted by: AugustusMasonicus
originally posted by: eManym
With Apple's net worth totaling almost a trillion dollars, its easy to see the effects of their move.
I would personally prefer that money were here but I do understand their rationale for moving it overseas.
The feds need to first figure out how to legislate against off-shoring corporate cash. At 35%, anyone in business would do whatever it takes (legally) to avoid paying that much. It's highway robbery. Lower the rate to make it reasonable and block off-shoring and we might keep the money at home.
Apple
After the US technology colossus stated publicly in 2013 that it was paying its proper share of taxes, it moved the bulk of its untaxed overseas cash to the Channel Islands jurisdiction Jersey, the New York Times and BBC reported based on a once-secret cache of documents referred to as the Paradise Papers.