4 ms·
I see your point. What I wrote originally was misunderstood by one of the repliers, so I edited to clarify, and commented on his reply that I was doing it. > t
by jph 11y ago
I see your point. What I wrote originally was misunderstood by one of the repliers, so I edited to clarify, and commented on his reply that I was doing it.
> that the goal was to make all income from US companies taxed as US income. COMPLETELY different.
I'll explain more detail so my goal is better-understood. My goal is to have Apple, the U.S., and Ireland come to an agreement about the the U.S. Senate report "Offshore Profit Shifting and the U.S. Tax Code (Apple Inc.)". Here is a specific paragraph that introduces one of the important issues.
"In addition, the hearing will examine how Apple Inc. transferred the economic rights to its intellectual property through a cost sharing agreement with its own offshore affiliates, and was thereby able to shift tens of billions of dollars offshore to a low tax jurisdiction and avoid
U.S. tax. Apple Inc. then utilized U.S. tax loopholes, including the so-called “check-the-box” rules, to avoid U.S. taxes on $44 billion in taxable offshore income over the past four years, or about $10 billion in tax avoidance per year. The hearing will also examine some of the
weaknesses and loopholes in certain U.S. tax code provisions, including transfer pricing, Subpart
F, and related regulations, that enable multinational corporations to avoid U.S. taxes.