[Orange1998]

But Apple, Cisco, Cat and other corporations can keep money earned overseas out of the states and avoid all taxes. How can this be possible.

[1010RD]

Incorporate my man, incorporate.

[SeekAndFind]

RE: But Apple, Cisco, Cat and other corporations can keep money earned overseas out of the states and avoid all taxes. How can this be possible.

Because they are CORPORATIONS, not individuals. Their money is subject to taxes only when they repatriate them back to the USA.

This is what makes our Federal tax system so convoluted. We are spending so much money and resources on expanding the port of the IRS to investigate the income of Americans and permanent residents worldwide.

I wonder — what makes this any different from an oppressive, big brother country like the USSR?