Foreign income should be exempt from US taxation, similar to the way any other properly developed nation handles things. Punishing businesses to repatriate thei

Foreign income should be exempt from US taxation, similar to the way any other properly developed nation handles things. Punishing businesses to repatriate their foreign earnings is ridiculous. All it does is incentivise them to keep their money offshore and not invest it in the US. How is that good? Second to that, Apple can pretty much borrow funds indefinitely to do buybacks and declare dividends. I don't know what their borrowing rate is, but say they pay between 2 to 4% on their bonds, then they shouldn't have a problem achieving a similar (or even higher) yield on their offshore cash, meaning it will cost them absolutely nothing to keep it all offshore.