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To: SeekAndFind

Is the left going to go after them then? Or is that reserved for oil companies?


2 posted on 04/27/2015 8:01:32 AM PDT by vpintheak (Call the left what they are - regressive control-freaks)
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To: vpintheak
Is the left going to go after them then? Or is that reserved for oil companies?

They already are. They are demanding that Apple bring home the already taxed profits that are held overseas so they can tax them again at 35%. . . and hauled them before the US Senate in 2013 claiming they had not paid any US Income taxes at all. . .

Tim Cook testified before a US Senate committee and showed them that in 2012, Apple had paid more US Income Taxes than any other business and in fact was paying $1 out of every $40 of US corporate income taxes. Oops, the Democrat staff had not done their homework. Apple pays the income taxes in every legal jurisdiction in which they do business, they do not participate in the double dutch sandwich, etc. And the money in Ireland is there because it has the lowest Capital Gains taxes and that's where Apple transfers already taxed earnings from the rest of the world so it can safely be invested at the lowest rate.

But the Liberals are going after them. . . here and in Italy. There the Italians want to ignore the EU regulations and tax Apple under non-EU rules.

14 posted on 04/27/2015 11:04:45 AM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users contnue...)
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