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Won't help against foreign state sanctioned competitors to Apple, e.g. Samsung (Korea) or Huawei (China). I am sure foreign nations would be quite happy to gai
by landryraccoon 9y ago
Won't help against foreign state sanctioned competitors to Apple, e.g. Samsung (Korea) or Huawei (China).
I am sure foreign nations would be quite happy to gain any advantage for their own companies over US corporations like Apple. Personally I would prefer that the US maintain a technological advantage for as long as possible.
- glenstein 9y agoIt also won't make Apple's bezels smaller or write their ad copy for them, because that's simply not among the objectives of any prospective law targeted at reigning in tax havens. If we need to prop up the U.S. tech sector with special tax handouts because they can't compete, we can do that on a targeted basis when that day comes rather than continuing to perpetuate an open-ended tax giveaway enjoyed by major companies in every sector of the economy. And in the meantime perhaps we can use the missing revenue to bring our infrastructure up to parity with the rest of the modern world.
- canuckintime 9y agoApple has been using tax strategies since the '80s and pioneered many of the techniques [1]. Samsung or Huawei weren't competitors then (perhaps Sony is the bogeyman you're looking for?) [1] http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?_r=1 http://www.nytimes.com/2012/04/29/business/apples-tax-strate...