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?
Lowering our corporate tax rate here, would mean they wouldn’t have to avoid doing business in the U. S.
Business could be brought back here.
In addition, their large sums of money made overseas could be repatriated without loosing a large chunk of it.
That could mean trillions of dollars could flow back into our nation to facilitate expansion.
It would stop corporations from moving overseas. There would be no need. (I’m talking about the major core of their operations)