Apple plans new U.S. campus, to pay $38B in foreign cash taxes
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Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#2Would like to see more investment in manufacturing here in the United States. Apple has to recognize that unstable relations between the United States, the EU, and China (along with South Korea and others)could leave them in a precarious position with their physical manufacturing capabilities. If China says, give us U.S. user data, or give us the capability to build your new 3D camera or we shut your facilities down, what will Apple do? Not to mention South Korea's antics with raiding Apple's South Korean offices and whatnot. The same goes for other US firms - EU you better watch out too.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#3All hail the job creators.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#4"Apple Plans to Pay $38 Billion in Repatriation Taxes. " Imagine headline like this under Obama, how much praise he would get.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#5I love it. Apple gets to avoid paying taxes for years through accounting slight of hand, and then when they finally pay for part of what they owe they want a pat on the back for doing so. Corporations, man.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#6If you read through the articles numbers don't seem to add up to 350B:
The Tax repatriations count for 38 bil. The new capital is 30 billion. Supposed the 20000 people are all making a 200000 dollars/ years thats 20 biliion. Where does the other 250 billion come from?
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#7I love it. Apple gets to avoid paying taxes for years through accounting slight of hand, and then when they finally pay for part of what they owe they want a pat on the back for doing so. Corporations, man.
The taxes are only one part of this announcement.
>Apple expects to invest over $30 billion in capital expenditures in the US over the next five years and create over 20,000 new jobs through hiring at existing campuses and opening a new one.
All of this is discretionary spending.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#8I love it. Apple gets to avoid paying taxes for years through accounting slight of hand, and then when they finally pay for part of what they owe they want a pat on the back for doing so. Corporations, man.
they finally pay for part of what they owe
You only owe the taxes that the law compels you to pay. There's no obligation whatsoever to pay a dime more.
Do you personally look to pay the maximum amount of taxes that you could possibly justify through various readings of the tax code? Because I guarantee that your tax software or your tax accountant are not "taking advantage" of opportunities for you to pay more unless you look to.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#9Would like to see more investment in manufacturing here in the United States. Apple has to recognize that unstable relations between the United States, the EU, and China (along with South Korea and others)could leave them in a precarious position with their physical manufacturing capabilities. If China says, give us U.S. user data, or give us the capability to build your new 3D camera or we shut your facilities down,…
It would need a lot of investment. You need glass makers, metal shops, semiconductor shops all close together to emulate what is there in China right now. I don't know if its really possible in the US.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#10If you read through the articles numbers don't seem to add up to 350B: The Tax repatriations count for 38 bil. The new capital is 30 billion. Supposed the 20000 people are all making a 200000 dollars/ years thats 20 biliion. Where does the other 250 billion come from?
It comes from how much they spend with US suppliers. They're basically highlighting what their economic impact is to the US.