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They didn't pay $19.2B less taxes, they just didn't pay local income taxes on those $19.2B. They would still need to pay US taxes on those $19.2B if they repatr
by ucaetano 9y ago
They didn't pay $19.2B less taxes, they just didn't pay local income taxes on those $19.2B. They would still need to pay US taxes on those $19.2B if they repatriate it.
- papermule 9y agoApple, for example, have most of their cash offshore and can’t bring it home without being subject to a large tax bill. There is a great write up about it here https://www.aboveavalon.com/notes/2017/12/12/the-end-to-apples-cash-dilemma https://www.aboveavalon.com/notes/2017/12/12/the-end-to-appl...