Posted on 10/04/2016 5:25:01 PM PDT by Beave Meister
Absolutely LEGAL and SMART.
The best was legal bedwetting.
We have the highest corporate tax rates in the US. They need to be lowered.
This year, the ESTIMATED WORLD WIDE REVENUE (sales)not what has been falsely called profits by the idiot author of this articleis a lower $218 Billion who thinks that ALL of the profits should be TAXED AWAY BY SOMEONE as he claims Apple is evading $65 Billion in taxes by nefariously keeping the money off shore, hidden away from the tax collectors" . . . but the margins are a bit lower this year so since last year, after deducting all the expenses of making all the products, advertising them and paying their employees, fees, regulatory costs, etc., Apple's NET PROFIT was only $53.3 billion, (that's the part that is taxable), the NET PROFIT will also be lower this year, but this idiot thinks that somehow Apple should somehow squeeze $65 billion out of a smaller NET PROFIT this year (my guess is around $50 billion).
However the split between the US and Off-Shore will remain about the same. . . and the American profits will remain in the US and invested HERE, not be sent off-shore. Apple wants to bring the money it has off-shore home, but it can't without being taxed exhorbitantly on money it has already earned and is, essentially Apple's savings. > PING!
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If their arrangements are legal, good for them. Same goes for Trump.
Great work, Swordmaker!
Tax Evasion is illegal.
Tax Avoidance (minimization) is entirely legal. It is the morally correct thing to do since our governments have become so immoral, thoroughly corrupt,mand totally out of control.
Good for Trump and Apple to absolutely legally minimize their tax burden so the money saved can be used for much better purposes.
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