What part of it's already BEEN TAXED do you fail to understand??? Why should our government have the privilege of being able to TAX IT AGAIN, after another government taxed that income? Are you in favor of double taxation? Our government provided ZERO services toward earning that profit. Provided ZERO infrastructure. Those profits were taxed in the jurisdictions in which they were earned! So why do you think they should be taxed AGAIN at 35% merely because their owner moved them from one bank to another across an international border? It is one of the biggest impediments to investments in the US there is.
The US government's socialist provincial attitude about this is one of the reasons that forces our companies to set up overseas divisions and our companies wind up in the situation of having to BUY their own products from their own divisions at the going wholesale price and that causes their prices to be HIGHER to consumers over here while foreign companies can just ship here at their cost. INSANE. Out damn liberals are poisoning our native businesses with their policies! And the liberals and bureaucrats keep loading on more and more impediments in the way of our businesses to create jobs in the USA. You are blaming the wrong people.
Look I don’t want to get in a shouting match with you.
You are a very informative poster, and I read quite a lot of your posts. Keep them coming and no criticism from here.
However I take issue with you, with Apple and with the majority of American companies anymore, who appear to have put their own profits, ahead of America.
I am not picking on Apple. It is most everyone doing this. What I object to is we have sent American companies to China, but China remains the same.
Communist. Doesn’t allow immigration, except for Chinese people. Doesn’t allow American companies to actually own anything (everything there, to the best of my knowledge, has a majority owner who is Chinese.)
What bothers me, is that Apple is big. And it is going to China, which just became the world’s largest exporter.
Not America. China.
So while I am not looking for an argument, I do not support this.
Bring back jobs, to America.