3 ms·
They decided to finally pay their (lower) taxes to move them into U.S banks instead of illegally holding the funds offshore
by goldenkey 9y ago
They decided to finally pay their (lower) taxes to move them into U.S banks instead of illegally holding the funds offshore
- xbmcuser 9y ago1. It was not illegal for them to keep the money offshore 2. They had to pay 1 time tax on money held offshore. once it is paid they still don't need to bring it back just it won't cost them anything to bring back.
- dragonwriter 9y agoThey were already, largely, in US banks. The offshore status was entirely an accounting status, and there was nothing illegal about it. It was tax avoidance, not evasion.
- tanilama 9y agoIllegal? In what sense?
- tedunangst 9y agoIn the sense that if I were god emperor I would have made a law against it.