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>they didn’t really choose to hold cash. I'm not sure what you mean by this, but if companies are going to hold large amounts of cash, it would be fiscally irr
by ryeights 7y ago
>they didn’t really choose to hold cash.
I'm not sure what you mean by this, but if companies are going to hold large amounts of cash, it would be fiscally irresponsible not to seek the best possible tax treatment for it within the law. If people think it's inappropriate for companies to hold cash overseas, those concerns should be addressed towards lawmakers.
- adjkant 7y agoWhen the companies are the main lobbyists of corporate tax law, they effectively become judge/jury/executioner. You can say "Boycott Apple" but that's not really viable either for an injustice that is not seen by most as severe enough to give up something so centrally important to them. That importance should not give Apple a free pass to do any minor things they care to though, regardless of morality. These are not easy problems and for companies to throw their hands up to "well the law says X", especially as they lobby for X to stay, then IMO falls back morally on the company.
- ryeights 7y agoGood point.