I think Trump is changing some of the rules so that over $1 Trillion can be brought back to the USA soon.
This will have a positive effect on the USA.
Thats not up to Trump, its up to Congress. And Congress is entirely useless.
I think Trump is changing some of the rules so that over $1 Trillion can be brought back to the USA soon.
This will have a positive effect on the USA.
If Congress passes a tax holiday on repatriating overseas cash, it will have a positive effect on stockholders. On the overall economy, not so much.
you may be in the US when you buy apps, rent movies, buy movies, buy music from apple, but they claim on their taxes that the sale came from Ireland. They then dodge paying taxes on the profits they made from that sale. That behavior the was set up by Apple has become a role-model for the executives at Amazon, Microsoft, Google and many others. And it is all morally wrong.They pay tax in the country where the products are sold. Why should they pay another 35% US tax?
Is it okay for google and Microsoft to do the same thing or are you always anti Apple only?
you may be in the US when you buy apps, rent movies, buy movies, buy music from apple, but they claim on their taxes that the sale came from Ireland. They then dodge paying taxes on the profits they made from that sale. That behavior the was set up by Apple has become a role-model for the executives at Amazon, Microsoft, Google and many others. And it is all morally wrong.
Theoretically, we're hoping that money is used in the U.S economy...realistically, I agree with you
When the bridge you are driving across collapses, remember that it crumbled because there was not enough money to fund its repairs because the apple execs kept the profits overseas but continued to get bonuses.
They pay tax in the country where the products are sold. Why should they pay another 35% US tax?
Is it okay for google and Microsoft to do the same thing or are you always anti Apple only?
you may be in the US when you buy apps, rent movies, buy movies, buy music from apple, but they claim on their taxes that the sale came from Ireland. They then dodge paying taxes on the profits they made from that sale. That behavior the was set up by Apple has become a role-model for the executives at Amazon, Microsoft, Google and many others. And it is all morally wrong.
Honestly, not even in theory, and nobody can say with an actual straight face that it's even intended to benefit the economy generally. It's designed to benefit the investor class, as most of our tax policy has for the last 35 years or so.
And yet with all this cash the apple executives continue to take out loans because they are unwilling to pay taxes to the country they live and work in.
Woo. Does this mean 50GB iCloud free? And Mac prices dropping?!
Right, because ALL of Apple's money goes only into the development of Siri and Mail. They have absolutely NOTHING else to work on or worry about!
If that same money went back to mid size and small business, you'll see a huge jolt in the economy. Investors and big corporations are money hoarders and are the ones that created this situation to begin with.
Well, they're a little reluctant at times. i.e. taking 4 years to admit they were wrong about the Mac Pro.One of the few large companies in the world who actually DESERVE their earnings because it is based on products that people want and make the world a better place. Well done Apple!!!![]()
If only I had invested in the company back in the '90s when it was going for $5 a share....
If you feel you should pay more taxes than the rules say you need to, you could volunteer to pay more I suppose, but few people do that. The rules govern what is to be paid.
I think Trump is changing some of the rules so that over $1 Trillion can be brought back to the USA soon.
This will have a positive effect on the USA.
I think Trump is changing some of the rules so that over $1 Trillion can be brought back to the USA soon.
This will have a positive effect on the USA.
When the bridge you are driving across collapses, remember that it crumbled because there was not enough money to fund its repairs because the apple execs kept the profits overseas but continued to get bonuses.
Good.
I think it's starting to look more and more like a pyramid scheme.
When your child gets sick and their medical treatment ruins you financially, remember there was no money for health care because companies like Apple don't pay their fair taxes.
Or even worse, when there is no treatment at all for your child, remember medical research normally takes a lot of tax dollars and right now that spending is way down in the US.
Unfortunately, this won't. This holiday was done about 15-ish years ago and it didn't help. Shareholders got a one-time special dividend, which went almost nowhere. It never 'trickled down' or got to where it was supposed to go. Pundits and investor types will say "oh we put that money into other investments, etc." Yes, but "etc." was not "paycheck bonuses for your employees" like we were all snowed into believing. It just stayed "up top" and never ultimately got back to US Treasury. Shortly after that holiday, a little event known as "World Financial Crisis/Global Recession" happened. Huh. Funny thing.
Charlie Munger recently said "Tax holidays don't help anyone. Companies will be encouraged to keep money off shore and do it again, waiting for the next holiday." He even used the word 'disgusting' in that commentary, too.
I do wish and hope such an event would be beneficial to the common folk, but it never will. Greed is waaay too powerful.
Disclosure: I do own a hundred-ish shares of AAPL common stock, and have a positive gain return. I would benefit both directly (personal brokerage) and indirectly (personal IRA) from a tax holiday.
I still disagree with a tax holiday. The overall tax structure itself needs fixing so this doesn't have to be an issue.
I think you are confused. Apple does pay its taxes. What they don't want to do is pay another 35% tax on bringing the money back home. Thats a different story.
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They don't and they won't pay that much, but this has been explained already.