3 ms·
It's not a sweetheart deal. US corporate tax rates are some of the highest in the entire world. It is just smart by Apple to ship capital off until it makes bus
by nodesocket 9y ago
It's not a sweetheart deal. US corporate tax rates are some of the highest in the entire world. It is just smart by Apple to ship capital off until it makes business sense. I suspect we are not going to agree about this though.
- toomuchtodo 9y agoThis is nonsense. The effective tax rate lands right in the middle of most OECD countries. https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world https://www.npr.org/2017/08/07/541797699/fact-check-does-the... https://www.cbpp.org/research/federal-tax/actual-us-corporate-tax-rates-are-in-line-with-comparable-countries https://www.cbpp.org/research/federal-tax/actual-us-corporat...
- nodesocket 9y agoDid you even read the article you linked? There is a reason all the bay area tech companies have offices in Dublin Ireland... 12.5% corporate rate. > The long answer: The U.S. has the highest top corporate tax rate at least among advanced economies. Compared with nations in the OECD — the Organization for Economic Cooperation and Development, a group of highly developed countries — the U.S. has the highest top corporate tax rate in the world.
- hirsin 9y agoFrom the rest of the article: > Factor In Deductions And Other Expenditures, And The U.S. Corporate Tax Rate Isn’t So High