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One tax holiday every 40 years doesn't overcome the disadvantage of super high corporate tax rates every year. Apple shareholders would have already reinvested
by valuearb 9y ago
One tax holiday every 40 years doesn't overcome the disadvantage of super high corporate tax rates every year. Apple shareholders would have already reinvested most of that money in the US, instead its increasing Irelands productivity,
- Retric 9y agoThat's a common misconception. The money can go to the US, it simply can't go to shareholders. Apple could for example have a subsidiary buy a lot of US treasury bonds.
- valuearb 9y agoAnd that subsidiary would also be more likely to put the equity investment portion of that money in US vs. International businesses if the income tax rates were lower.