I have zero problem with US companies like your CRApple paying US taxes if they want to bring their off shore stashes home! If Tim Cook and his gay cabal had any brains they would bring a good part of that 150 billion dollar offshore fund home, taxes would be payed on it, and distribute it as dividends. We all know its a lie that it would be invested on US soil ....ah maybe a few billion but that it.
So you like the concept of double taxation. . . these are funds that have ALREADY BEEN TAXED, money that these corporations OWN outright, that they earned OUTSIDE the jurisdiction of the United States governments taxing authority and paid the income taxes due under the jurisdictions under which it was earned to the countries in which it was earned. The USA is one of only TWO countries in the world that is so arrogant that it thinks it has a right to a share of the income of money earned in another nation. The other is a itty-bitty nation that as a result has no multi-national businesses.
The treat US Citizens working overseas the same way. If you work in a foreign country and pay income taxes in, say France, the IRS still wants you to pay taxes on what you earn to the US Treasury because that's what the Democrats want. Would you like that if you were DennisW, American citizen working in France and paying French income Taxes at up to a 70% tax rate and then learning you owe additional income taxes to the IRS on Income that has already been taxed?
In the case of these corporations, Apple among them, the tax hit for bringing their own money on-shore to the United States is 35% of that money. You want Apple, for example, to bring $150 Billion home to the United States, profits that have already been taxed, and pay the IRS $52.5 BILLION of it for the privilege? Then you want Apple to pay the $91.5 BILLION left over to the stockholders as dividends where it will be FURTHER taxed at 20%, but in California, that rises to 33%, so you want that further whittled down to as much as $70 BILLION. BAH! You ARE a Liberal big government, Big Tax Democrat. . . and not a conservative.
Apple has returned more capital to its stockholders than any corporation in history, having transferred more than $225 BILLION in the last three years in the form of dividends and stock buy backs, and yet you members of the Apple hate Brigade crowd are still NOT satisfied. Don't fret, that $190 BILLION plus cash and liquid assets in short term investments is reflected in the stock price of the most valuable publicly held, NGO company on Earth.
Also, Apple is investing that money in the future of Apple products. They just purchased Israeli Photographic startup LinX to improve the cameras in iPhones and iPads in future models up to the standards of near DSLR quality.
For its third acquisition in Israel, Apple has bought digital photography tech firm LinX Imaging, a small company with a big idea - improving the quality of smartphone cameras to the point where, instead of producing 'instamatic' photos, they can create SLR-quality pictures.Apple confirmed the acquisition today, but said it couldn't comment on details of the deal, while LinX could not be reached for comment. According to industry sources, the deal was worth about $25m.