4 ms·
> I'm a little insulted by the fact that Cook thinks it's up to him to decide whether or not his company should be paying taxes This is not that uncommon among
by aikah 11y ago
> I'm a little insulted by the fact that Cook thinks it's up to him to decide whether or not his company should be paying taxes
This is not that uncommon among affluent people to think that they shouldn't pay taxes,in fact they have the money to set up schemes in order to not pay any.
- jjtheblunt 11y agoThat's naive: they did pay taxes already, on earnings in the countries of the earnings, and are saying that, for example, the Brazilian company Apple Brazil, paid up on Brazilian income tax for work done by Brazilians in Brazil, should not then pay 40% more to the United States for work done in Brazil.
- genmon 11y agoIt's not about paying 40% more -- tax already paid to foreign governments is deducted. So the total tax is 40%, with any tax not paid to foreign governments going to the US government when the profit is repatriated.