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Alternate headline: "Apple dodges $49B in taxes by waiting for a tax holiday". They reduced their rate on $250B of earnings from 35% to 15.5% by waiting for a n
by NelsonMinar 9y ago
Alternate headline: "Apple dodges $49B in taxes by waiting for a tax holiday". They reduced their rate on $250B of earnings from 35% to 15.5% by waiting for a new tax policy. https://arstechnica.com/tech-policy/2018/01/apple-plans-to-pay-38-billion-in-us-taxes-to-bring-overseas-cash-home/ https://arstechnica.com/tech-policy/2018/01/apple-plans-to-p...
- chrischen 9y agoAlternate headline: Trump policies enable Apple to re-invest in US jobs and economy.
- jriot 9y agoA headline that will never see the light of day.
- SapphireSun 9y agoMainly because it's hard to suppress laughter if you think about it at all beyond a surface level. See discussion in another thread. I don't want to repeat myself.
- WatermelonApe 9y agoNobody cares enough about your "discussion" to CTRL F a rant that you're not even confident enough to link to. I doubt you can think about this topic beyond a surface level given that it's unlikely you understand tax code beyond a surface level. The net result is that Apple pledged to invest $350 billion in the US economy, capital expenditures that would have instead gone to their operations in China and Europe were it not for the long overdue change in US tax code as it relates to cross border taxation.
- maximumkek 9y agoI think that headline would be classified as bigotted..?
- telchar 9y agoThere's no enabling here in the usual sense of the word, they just made it cheaper. It'd be like a headline "copious butter enables little Tommy to eat vegetables". Apple could have repatriated that money at any time, and likely would have if they didn't know that they could hold out for a feckless Republican administration to give them a big tax holiday. Pretending otherwise is a fiction that supports repeated corporate tax rate reductions and encourages companies like Apple to make use of elaborate tax avoidance schemes.
- dguaraglia 9y agoAlternate headline: Trump policies take American companies closer to the globalized ideal they always envisioned, by making the American market just another market they are not tied in any significant way to. $29 billion is spit in the bucket of the deficit created by this bill, and Apple is the biggest market cap company in the world, with the biggest overseas reserves.
- dmix 9y agoApple continues to act in predictable self-interest, American economy will no longer miss out on billions as tax policy was updated to reflect the realities of a globalized world
- infocollector 9y agoCan this be challenged in a court? Let them pay 15% and then fine them with another 25% for trying to dodge?
- WatermelonApe 9y agoWhat are they dodging? They're paying a reasonable tax rate of 23%, as opposed to never repatriating the profits and paying 0%. The US govt gave them a chance to clean the slate at a reasonable rate and they took it.
- infocollector 9y agoHow did you calculate 23%? I was calculating 15%. So a local S-Corp which saves $1M pays more than what Apple pays? How is this fair?