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Apple plans new U.S. campus, to pay $38B in foreign cash taxes

reuters.com

21–30 of 537 posts

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#21

I'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."

A supplier is also the company delivering fruit for offices or cleaning utensils.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#22
post #12
post #8

Earlier quoted context omitted.

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.

[deleted]

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#23

I'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."

i expect intel gets a little bit of apple money. couple of bucks surely go micron's direction.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#24
post #8
post #5

I 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 aren't accurately describing this situation with your analogy.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#25
post #5

I 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.

Corporations have a legal obligation to their shareholders to maximize their profits. If they did something as negligent as paying taxes they didn't have to pay, and that none of their competitors pay, they'd be opening themselves up to a lawsuit from shareholders. Laws are weird.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#26

If 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"

How much of that is made here? If you look at their ICs even if its an American company most of their chips are made in Taiwan. For example apple might design CPU here, but its made in Hsinchu.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#27
post #12
post #8

Earlier quoted context omitted.

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.

> No but I also don't set up a pretend subsidiary...

do you pay your state government the sales tax you owe it for all of your online purchases?

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#28
post #12
post #8

Earlier quoted context omitted.

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.

Maybe not, but I bought an electric car because I got $12k in tax credits from state and federal.

If the law allowed me to set up a company facade so that I could keep more of the money that I earn, I'd do so in a heartbeat.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#29
post #11

I hate the phrase "job creation". It sounds almost like the "job creators" are of divine nature. How about "hiring"?

Job creation and hiring mean different things. I can hire someone for a job that already existed and was previously filled by someone else. If I bring a new job into existence, that hasn't been filled by anyone before then saying I created that job doesn't seem particularly untoward.

Re: Apple plans new U.S. campus, to pay $38B in foreign cash taxes

#30
post #2

Would 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.

It's possible. It's expensive to build out and would take a decade to do comprehensively. Apple can easily afford to do it (How badly do their shareholders want that? Not that badly I suspect).

Most of the things in question have already previously been manufactured in the US at one point or another. The specialization / knowledge is already here. The base manufacturing capability, the buildings/plants, the inexpensive energy, the automation capabilities, the software, the access to cheap commodities, is already here.

The US is the world's second largest manufacturer, by a very wide margin to the others down the list. Only China compares in scale globally.

Call up Texas and Corning, make a deal backed with billions in investment, build the plants, and you'll be making as much glass in the US as you want within three or four years.

http://variety.com/2017/digital/news/apple-corning-investmen...

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