Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Plans $350 Billion Boost to U.S. Economy Over 5 Years, 20,000 New Jobs, and a New Campus [Updated]
- Thread starter MacRumors
- Start date
- Sort by reaction score
Would Obama or Hillary have signed it? I suspect not.
Apple has been forced into this because of widespread disgust at degenerate politicians who were eager to either send jobs abroad, or import cheap labor (and sometimes get the cheap labor trained by the people they were replacing).
Obama never improved the economy. It's tough for some people to take that in.
Last edited by a moderator:
That's a difference without a distinction.
Finding the loopholes in tax processes is just gaming legal definitions to achieve an end goal that would be illegal if it was done via a different method. Being "technically" legal because you've devoted resources into exploiting loopholes (several piled upon each other in the case of the "double Irish" maneuver) shouldn't give you a pass in anyone's mind.
Lots of fake news here by the usual MAGA supporters claiming credit for this when it has nothing to do with the tax bill or Trump.
So you don't feel like you should thank Obama for rescuing the struggling US economy and putting the US on the path towards prosperity?
That seems pretty ungrateful of you...
Why can't Trump be as good as Obama? Obama did much better in his first year than Trump's first year.
Nope you're right let's remove Trump, eliminate the tax plan - And see what happens.
You guys are so lucky. In Canada, progressive politicians (i.e. Liberals) subsidize companies with taxpayer's money just to stay here.
Except just about every news agency is saying it is... my congress woman posted on her facebook page this morning saying it is. And she is a Democrat.
To be clear about a couple of things, as I've seen considerable confusion about how certain things are supposed to work based on the recent tax law changes...
(1) Apple will have to pay U.S. income taxes on those as-yet unremitted foreign earnings regardless of whether it repatriates them - i.e., whether those earnings are distributed to the parent (domestic) company. Apple likely will repatriate the vast majority of those as-yet unremitted foreign earnings. But its expected tax bill on those foreign earnings doesn't tell us much about its plans in that regard. It has to pay that tax bill regardless.
(2) Apple likely won't pay exactly 15.5 percent on those earnings as it will get partial credit for foreign income taxes already paid on them. I don't expect that credit to be very large, but it - along with other issues that I won't get into - should reduce the effective rate paid somewhat. So $38 billion in expected tax liability doesn't necessarily suggest taxes being paid on $245 billion in earnings. It suggests taxes being paid on a somewhat larger amount. Apple reported having about $252 billion in foreign cash holdings as of the end of the third calendar quarter of 2017. That amount likely grew to between $265 billion and $270 billion by the end of the calendar year.
I could see how the tax bill provided Apple the opportunity to do some of this stuff, but I think that it's more thanks to Tim Cook & the other decision makers at Apple for following through on this. They could have just given themselves bonuses or the shareholders dividends.
When Obama took office, the economic situation was so dire that many pundits were talking about the possibility of the entire banking system having to be nationalized in order prevent disaster. That was a common theme around that time. Stock market was in the toilet. Horrific job loss numbers. Nobody seemed to know if the financial sector was even solvent.
Compare that to what Trump inherited and, yeah, you can see how someone can say that Obama "saved" the economy.
That only goes to show you how ungrateful you are to the people that helped you.
You should always thank the people like Obama that helped you.
Nothing wrong at all. Just not going to take anything from you or otherwise as fact.
You do know we haven’t cut any spending to pay for the tax bill right?
We still have a bunch of wars we haven’t paid for. A bunch of stimulus spending we haven’t paid for. A bunch of past tax breaks we still haven’t paid for.
Need I go on?