Posted on 08/15/2016 1:26:58 AM PDT by Olog-hai
Apple CEO Tim Cook struck back at critics of the iPhone maker’s strategy to avoid paying U.S. taxes, telling The Washington Post in a wide ranging interview that the company would not bring that money back from abroad unless there was a “fair rate.”
Along with other multinational companies, the tech giant has been subject to criticism over a tax strategy that allows them to shelter profits made abroad from the U.S. corporate tax rate, which at 35 percent is among the highest in the developed world.
The move complies with the letter of the law, if not the spirit, as a few particularly strident critics have lambasted Apple as a tax dodger. The nonprofit Citizens for Tax Justice estimates that big companies have parked more than $2 trillion offshore, which is subject to more favorable tax rates. …
(Excerpt) Read more at cnbc.com ...
But, how much do you want to bet that he’s voting for Hillary, who will only raise the rate even higher?
It’s ironic that he’s suddenly on the conservative and libertarian side of this issue, after bullying several states over their religious freedom laws.
Meanwhile, it looks like he doesn’t want lower taxes at all:
Tim Cook is hosting a fundraiser for Hillary Clinton
http://www.freerepublic.com/focus/f-news/3454587/posts
Looks like he's playing both sides of the fence.
It’s all the same pen; the “fence” is imaginary save where it shuts the people out of the process.
He’s a typical Liberal. No taxes for me, high taxes for thee. Freedom for me, rules/regulations for you
Limousine Liberal
Shouldn’t he be inducted in to the Hall of Fame for hypocrites? Unfortunately he is not the only one.....
Can’t have it both ways, Tim.
Greedy capitalist lefty! Wants to be rich and tell us how to live.
George Soros would be proud.
We need a list. I wonder if anyone has done this yet for "important people.
Politicians and entertainers will heavily populate the list.
Buy Apple. Support Hillary and communist China.
Tim Cook hosted a $2700 per plate fundraiser at his house for Hillary just this week.
The Applebots are a little slow on the uptake this morning...
That's because I believe those things going out the back door are paid for without the payment into accounts Cook controls being counted any more than the items they paid for were.
No, the same side. Clinton will lead and Ryan will capitulate concerning economic/budget issues. Party lines are blurred in the corporate “gravy train” world. Everyone involved makes $$$$$.
And yet Evil Trump would lower the repatriation rate to 10%. Apparently Cook would rather keep his money parked overseas than vote for Evil Trump.
Irish double tax evasion, or something like that.
..............
iPhone8s
costs $14 to buy wholesale in China.
sent to Ireland for $400 worth of ‘’’programing’’’
bought by Apple-USA for $450.
sells for $600
https://en.wikipedia.org/wiki/Double_Irish_arrangement
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.