Apple Raises $10 Billion in Debt Ahead of Trump's Plans for Tax Holiday

[Chupa Chupa]

Yeah I see your point, but I'd still like to get 49 for the price of one.

So you are the guy that asks for 500 pennies when breaking a $5 bill.

 

[jonnysods]

So you are the guy that asks for 500 pennies when breaking a $5 bill.

No but when I go to the US for travel I love having piles of $1's! Makes me feel like a gangster (lowest bill is $5 here in Canada!)

 

[thekev]

It's not as simplistic as you state. Expats do not pay full U.S. income taxes as-if they lived in the U.S. They start off with a $96K deduction (so if they only make this much they, in fact, pay no U.S. taxes). Then they get a Foreign Tax Paid deduction. Then they get a housing deduction.

Like companies though, they are liable for income taxes due in the country the income was made.

The accounting costs for expats can be quite high, and reporting is complicated. They have to keep track of things like exchange rates, and they often require the assistance of a cpa who is familiar with the relevant tax laws. It should be a simple/cheap process, but it isn't.

No but when I go to the US for travel I love having piles of $1's! Makes me feel like a gangster (lowest bill is $5 here in Canada!)

Strip clubs must be costly there.

 

[Chupa Chupa]

The accounting costs for expats can be quite high, and reporting is complicated. They have to keep track of things like exchange rates, and they often require the assistance of a cpa who is familiar with the relevant tax laws. It should be a simple/cheap process, but it isn't.

But that wasn't OP point. OP's point was that Expats had to pay full U.S. taxes but corps did not. That is not true.

As far as filing taxes even those of us who live in the U.S. incur CPA fees in the multiple hundreds to thousands to make sure we are doing it right. The tax code is too complex for everyone. Expats are not alone there. My tax filing weighs several pounds.

 

[winston1236]

If they save it, the bank will then lend it to others that are A) buying expensive products which create jobs for the people making those products or B) starting or expanding a business - perhaps with a new plant

Banks haven't really relied on deposits for lending purposes for quite a while now, that's why savings accounts pay around .001% interest give or take. They have been getting money for near free from the Fed.