Bottom Line: “I don’t like Apple, they don’t pay enough taxes, so lets go back, reinterpret the law and take their money!”
There is something fundamentally disturbing about this ongoing impulse both here and in Europe to rewrite law without resorting to the actual legislative process.
Townhall has no idea what they are talking about.
This is a EU shakedown to punish successful American companies.
Intel, Microsoft and Google have all gotten the same “treatment”
On the Intel front, Germany was funding Global Foundries and it was (and still) has major process problems.
It was easier to fine Intel 1.2B rather than fix their fab in Munich.
It’s none of our (the U.S.) business. As for Apple and the EU...hey, you got into bed them, enjoy the ride.
Natural consequence of high taxation: people figure out how to avoid it - which may include stopping productivity.
Ronald Reagan, as an actor, noted that he would have made a lot more movies but taxes made it not worth doing.
If the US is wanting 40% of Apple’s profits on top of what’s taxed by other governments, then Apple may just pull out of the US. (The top designer is British and wants to go back anyway).
It boils down to this: Why do you rob banks? Because that’s where the money is.
Thieves see a pile of money and they go after it. And the biggest thieves in this world are politicians.
Despot politicians make the rules then complain when they don’t have the effect they demand.
Competition is the ONLY means to keep things in check. A global government would erase country based competition.
I thought the left loved higher taxes. This should be considered good news for the liberals that run Apple. Oooh... I see. Higher taxes for average people, not for them.
Apple, as a much smaller company in the 1990s, established a European beachhead in the then impoverished Irish county of Cork. At the time, Ireland saw this investment as a mutual advantage and agreed to a favorable tax rate for a growing high tech presence.
It would be a fiduciary crime against the owners (shareholders) not to work for best tax treatment of their investments. Taking advantage of LEGAL provisions in domestic and international tax codes is not criminal.
The USofA has kept one of the highest corporate tax rates in the world and, because of the peculiarities of the same, returning profits to the home country would cause them to be taxed without deductions otherwise available to non-intellectual property companies (Caterpillar, Boeing etc.)
The EU is passing the equivalent of a post-facto tax ruling, saying that Apple should have been paying a tax rate to Ireland that the EU thinks is/was ‘fair’ and computing it back to near the start! The EU Socialists slaver for money and Apple is an easy, AMERICAN, target!
Townhall??? Seriously?
It would be nice if we can reclaim some of that huge mountain of money that went to Communist China,
Apple execs help fund the democrat party and want me to pay higher and higher taxes and support very objectionable things. I say take all the money they have parked overseas. It may shut up their execs.
Let me get this straight. Apple profits on foreign soil, are actually profits on U. S. soil?
This must make sense to some ass-hat clown or it wouldn’t be boring me to death here.
These are taxes America should have required Apple to pay to the U.S. Treasury. But we didn’t — because Ryan, Schumer and other inhabitants of Capitol Hill haven’t been able to agree on how to close the loophole that has allowed Apple and many other global American corporations to avoid paying the corporate income taxes they owe.
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Isn’t Trump’s plan to lower taxes so they bring back the money voluntarily?
How about a novel idea, let’s reduce the cost of GOVERNMENT. Sheesh. Stop raping and pillaging and the companies will come back, bring their money back and we’ll be able to afford those things we need to afford, or “want” to afford.
There is NOTHING anyone can tell me that would explain the legitimate reason, other than a money grab, for us to have 284 different federal organizations doing EXACTLY THE SAME TASK. Or in another situation, a new organization being formed to take the power and budget of 7 other organizations and not only are not one single one of the old ones closed, they ALL got 10-50% increases in their budgets.
Our “giver”ment needs to be trimmed back, pruned, and cut to the bone in some instances. Literally, we have 19 million leeches sucking us dry and the idiots who wrote this article want to just give them more juice.