I hate the phrase "job creation". It sounds almost like the "job creators" are of divine nature. How about "hiring"?
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
#12I 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…
No but I also don't set up a pretend subsidiary in Ireland that owns my intellectual property and pays me dividends for my freelance work. To pretend that they didn't go above and beyond to avoid paying taxes is lunacy.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#13If 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?
From the link:
"Apple will spend an estimated $55 billion with US suppliers and manufacturers in 2018"
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#14I 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…
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Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#15"Apple Plans to Pay $38 Billion in Repatriation Taxes. " Imagine headline like this under Obama, how much praise he would get.
You could also write the headline as "Most Profitable Company on Earth To Receive $42B Repatriation Tax Break"
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#16If 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?
>"Combining new investments and Apple’s current pace of spending with domestic suppliers and manufacturers — an estimated $55 billion for 2018 — Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products."
It's just everything they already spend in the US, lumped together
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#17I'd like to know who those 9,000 American suppliers and manufacturers are. Other than Corning who supplies the Gorilla Glasses for almost all smartphone makers, I can't really name any significant domestic suppliers who would make up $55B of their "spending."
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#18"Apple Plans to Pay $38 Billion in Repatriation Taxes. " Imagine headline like this under Obama, how much praise he would get.
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Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#19If 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?
The marketing blurb mostly mentions new stuff like new expenditures and new employees. But the $350B is their total contribution to the US economy and I'd guess it includes current employees, programs, and infrastructure.
Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes
#20I'd like to know who those 9,000 American suppliers and manufacturers are. Other than Corning who supplies the Gorilla Glasses for almost all smartphone makers, I can't really name any significant domestic suppliers who would make up $55B of their "spending."
Apple wants to create competition for the components they need to drive down prices throughout the supply chain. Most of their investments relate to this from camera tech to oled screens.