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Yes it is. This is how corporations work in America. They provide the growth, jobs, innovation. Tim Cook will be the first to reiterate that the new tax law was

Yes it is. This is how corporations work in America. They provide the growth, jobs, innovation. Tim Cook will be the first to reiterate that the new tax law was long overdue and they are enthusiastic about it. Tax reform allows Apple to bring $252 billion in cash that it held abroad back to the United States. That's a huge number. If you're an American you should be ecstatic about this. A rising tide lifts all boats.

adventured 9y ago
It's actually how corporations work in nearly all developed nations today (with a few exceptions such as France and Japan). Sweden has a 20% corporate income tax rate. Finland is at 22%. Denmark is at 24.5%. The UK is at 17.5%. The average rate in Europe is 18%, in Asia it's 20%.
- samfisher83 9y ago
  https://taxfoundation.org/corporate-income-tax-rates-around-world-2014/ https://taxfoundation.org/corporate-income-tax-rates-around-... It is 26% in europe. Maybe it has changed a lot in the last few years.
krrrh 9y ago
Further to this, corporations are (composed of) people[1]. Apple is paying out dividends this quarter and the shareholders will pay taxes on those dividends. Corporate taxes are an expense to a company that leaves them less money to spend on other expenses, including R&D, hiring, lowering prices, and competing for labor. [1] The “composed of” was obviously what Romney meant in the 2012 campaign, not an obscure argument about corporate personhood.
s73ver_ 9y ago
Nothing was ever preventing Apple from bringing back that cash but greed. While it's good that they're finally going to pay some taxes this one time, no one should be ecstatic about this. They're just going to keep doing the same thing they were doing until they get another tax cut. Meanwhile, education, roads, civil services, all of the things that enable Apple to be as successful as they are, will languish because Apple and apologists don't believe they should help out.

adventured 9y ago

It's actually how corporations work in nearly all developed nations today (with a few exceptions such as France and Japan). Sweden has a 20% corporate income tax rate. Finland is at 22%. Denmark is at 24.5%. The UK is at 17.5%. The average rate in Europe is 18%, in Asia it's 20%.

samfisher83 9y ago
https://taxfoundation.org/corporate-income-tax-rates-around-world-2014/ https://taxfoundation.org/corporate-income-tax-rates-around-... It is 26% in europe. Maybe it has changed a lot in the last few years.

krrrh 9y ago

Further to this, corporations are (composed of) people[1]. Apple is paying out dividends this quarter and the shareholders will pay taxes on those dividends. Corporate taxes are an expense to a company that leaves them less money to spend on other expenses, including R&D, hiring, lowering prices, and competing for labor. [1] The “composed of” was obviously what Romney meant in the 2012 campaign, not an obscure argument about corporate personhood.

s73ver_ 9y ago

Nothing was ever preventing Apple from bringing back that cash but greed. While it's good that they're finally going to pay some taxes this one time, no one should be ecstatic about this. They're just going to keep doing the same thing they were doing until they get another tax cut. Meanwhile, education, roads, civil services, all of the things that enable Apple to be as successful as they are, will languish because Apple and apologists don't believe they should help out.