7 ms·

Apple Plans to Pay $38B in Repatriation Taxes

27 points by chrisacky 9y ago

localcdn 9y ago
http://archive.is/9IoKf http://archive.is/9IoKf
quakenul 9y ago
Trump is gonna take credit for this, is he not?
- xienze 9y ago
  Well it happened on his watch, Obama never made it happen. So why not?
- iheart2code 9y ago
  Not a Trump supporter, but I don't see why he shouldn't. Apple probably wasn't going to do this unless that tax deal (or something similar) went through.
- deleted 9y ago
  [deleted]
- deleted 9y ago
  [deleted]
- pfarnsworth 9y ago
  This is exactly from his tax bill that got passed, so yes he will. I'm not a fan of Trump, but every single global US company will be paying billions of taxes to the US government for the 2018 fiscal year. It also means that they will be able to move money back into the US with no penalties anymore. I'm actually surprised at the constitutionality of this, taxing companies going back to 1986, if I remember correctly.
  - dragonwriter 9y ago
    > I'm actually surprised at the constitutionality of this, taxing companies going back to 1986, if I remember correctly. Why are you surprised? The power to tax income regardless of source is in black and white.
    - pfarnsworth 9y ago
      Statute of limitations should be a protection against this. Personal income tax has a statute of limitations of 7 years. This is a tax grab going back 30 years.
      - dragonwriter 9y ago
        > Statute of limitations should be a protection against this. Statutes of limitations for taxes run from when the taxes first become due, not from when income is earned. And the statute of limitations isn't a Constitutional protection.
cylinder 9y ago
What's the point of repatriating this money?
- andrewstuart 9y ago
  It's great PR, affirms Apple as a company that takes care of its U.S.A obligations, and goes a long way towards pre-empting negative publicity on other areas such as slowing down old phones. "I know we're in trouble here for our corporate behaviour, but HEY... look over here at how good we are." That sort of thing works and matters and is indeed true.... it sets a good example and allows Apple to take the moral high ground which is where its marketing is positioned... as a good guy.

27 points by chrisacky 9y ago

localcdn 9y ago

http://archive.is/9IoKf http://archive.is/9IoKf

quakenul 9y ago

Trump is gonna take credit for this, is he not?

xienze 9y ago
Well it happened on his watch, Obama never made it happen. So why not?
iheart2code 9y ago
Not a Trump supporter, but I don't see why he shouldn't. Apple probably wasn't going to do this unless that tax deal (or something similar) went through.
deleted 9y ago
[deleted]
deleted 9y ago
[deleted]
pfarnsworth 9y ago
This is exactly from his tax bill that got passed, so yes he will. I'm not a fan of Trump, but every single global US company will be paying billions of taxes to the US government for the 2018 fiscal year. It also means that they will be able to move money back into the US with no penalties anymore. I'm actually surprised at the constitutionality of this, taxing companies going back to 1986, if I remember correctly.
- dragonwriter 9y ago
  > I'm actually surprised at the constitutionality of this, taxing companies going back to 1986, if I remember correctly. Why are you surprised? The power to tax income regardless of source is in black and white.
  - pfarnsworth 9y ago
    Statute of limitations should be a protection against this. Personal income tax has a statute of limitations of 7 years. This is a tax grab going back 30 years.
    - dragonwriter 9y ago
      > Statute of limitations should be a protection against this. Statutes of limitations for taxes run from when the taxes first become due, not from when income is earned. And the statute of limitations isn't a Constitutional protection.

cylinder 9y ago

What's the point of repatriating this money?

andrewstuart 9y ago
It's great PR, affirms Apple as a company that takes care of its U.S.A obligations, and goes a long way towards pre-empting negative publicity on other areas such as slowing down old phones. "I know we're in trouble here for our corporate behaviour, but HEY... look over here at how good we are." That sort of thing works and matters and is indeed true.... it sets a good example and allows Apple to take the moral high ground which is where its marketing is positioned... as a good guy.