I am in favor of Apple paying the American taxes for their profits (which they have made) and repatriating all of that money.
Yes I am. And I want them to do that right now.
I am not now, or have I ever, advocated Apple paying more corporate tax.
What I strongly believe is that Apple has billions which they won’t return home, because of taxation questions.
That I do not agree with.
Apple needs to build up America. Apple and a whole raft of other American companies are building up the country in the world with the second-largest military budget. Anywhere.
Apple is building up China.
Do not get me wrong, I am not anti-Chinese.
But I am (strongly) pro-American. And that seems to be a quality not evident anywhere anymore, in either party.
It is evident in our military. Strongly so.
But everyone else is busy selling out everything our country supposedly represents.
Bring back American jobs.
Funny, I thought Apple responsibility was to their shareholders...
Advocate for getting the corporate tax laws changed and Apple will pour their profits back into America...
You seem to be advocating Apple pay excessive corporate taxes...
Out government imposes a self-defeating and punitive tax regime on all American companies with overseas operations. Overseas operations are like exports - they bring money to the country, or they would if weren’t for the government’s confiscatory tax policies. Our tax policies make it prohibitively expensive to hire Americans to fill positions overseas as well, that’s why so many American companies recruit their management staff from Australia or England.
If you want American companies to repatriate their profits, don’t confiscate them. You are barking up the wrong tree when you impugn Apple’s patriotism; you ought to looking at the pinkos running our government.
The only question is why we have the highest corporate rate in the world. Get rid of that and we'll talk about "repatriating".
I strongly favor making dividends an expense for corporate tax purposes. Dividends are taxable to the stockholder, and that should be enough, thank you very much. Make that change to the law, and I would expect Apple’s foreign money to flow back here, payed out in dividends. Instead of sitting overseas and - let’s face it - being invested overseas.Pay it out here, to American stockholders, and they will - being investors after all - invest much of it in America, a little overseas, no doubt (freedom, after all . . .), and spend the rest mostly on their children. And pension funds will pay out to pensioners, who will pay their heating bills and their electric bills.
Interest paid on corporate bonds, BTW, are already treated as an expense for corporate tax purposes, and rightly so. Dividends should be the same - taxable only to the individual receiving the money.
What part of it's already BEEN TAXED do you fail to understand??? Why should our government have the privilege of being able to TAX IT AGAIN, after another government taxed that income? Are you in favor of double taxation? Our government provided ZERO services toward earning that profit. Provided ZERO infrastructure. Those profits were taxed in the jurisdictions in which they were earned! So why do you think they should be taxed AGAIN at 35% merely because their owner moved them from one bank to another across an international border? It is one of the biggest impediments to investments in the US there is.
The US government's socialist provincial attitude about this is one of the reasons that forces our companies to set up overseas divisions and our companies wind up in the situation of having to BUY their own products from their own divisions at the going wholesale price and that causes their prices to be HIGHER to consumers over here while foreign companies can just ship here at their cost. INSANE. Out damn liberals are poisoning our native businesses with their policies! And the liberals and bureaucrats keep loading on more and more impediments in the way of our businesses to create jobs in the USA. You are blaming the wrong people.
These overseas profits were made by overseas operations and taxed in the locales in which they were earned. The money isn't repatriated because of the U.S.'s screwy tax laws - pretty much unique - that insists on taxing this income a second time.
But a history of your posts also shows that I'm probably wasting my time pointing out economic facts to you. Anthing more complex than a vague "American jobs!" seems beyond you.