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That money is rightly Apple shareholders money, not the US governments or Irelands. Apple shareholders pay taxes on their Apple dividends at far higher rates t
by valuearb 9y ago
That money is rightly Apple shareholders money, not the US governments or Irelands.
Apple shareholders pay taxes on their Apple dividends at far higher rates than virtually anyone in the world. They pay nearly 10% of foreign earnings to foreign governments. They owe 9% of what's left to CA State corporate income tax. Then they owe 35% of what's left of that to US corporate income taxes. Then they owe state income tax on the remainder paid to them as dividends. Finally they owe another 20% of the final remainder as federal dividend tax.
There isn't a country in the world that owed more taxes than that. There isn't a reason in the world Apple shouldn't keep their IP and after tax earnings in the most attractive tax environment, and out of the U.S. to defer paying taxes till later. It's not "robbing" anyone to refuse to pay extra taxes when you already pay all of your legal ones.