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>> as AAPL literally stole money from both US and EU people Well you have US Govt now arguing on behalf of Apple, which suggests that US people were not going
by galtwho 10y ago
>> as AAPL literally stole money from both US and EU people
Well you have US Govt now arguing on behalf of Apple, which suggests that US people were not going to be the losers.
The losers are people of other countries where Apple and other MNC's don't pay their fair share of taxes.
The plan is to hoard this money in low tax jurisdictions and I guess for 2 purposes
1. wait for a lower tax rate amnesty to be offered in US
2. use cash hoard to undertake overseas acquisitions to grow the US Company and by extension US influence.
Apple finds it better to take loans out in US for its cash needs there and write them off against US incomes inspite of sitting on more than 100b in cash reserves.
- tpm 10y ago>> Well you have US Govt now arguing on behalf of Apple, which suggests that US people were not going to be the losers. Not really. The US Govt sides with an US corporation in a conflict with a foreign government. That's not surprising and does not imply anything.