281–290 of 537 posts
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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.
You also don't have shareholders to answer to.
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The buck stops with the President. If the GOP Congress won't work with the President, it's the President's job to find a way to get enough of them on board. LBJ was a master at getting "impossible" legislation through Congress, so I don't believe it was impossible for Obama. I suspect this is where his inexperience in politics showed. An example of this was outlined on Frontline a few years back. Obama crafted a bill…
And what about Mitch "We'll oppose any bill put before us, even if it's good for the country (yes, he actually said that), in order not to let Obama have any victories" McConnell? That wasn't a failing of Sales, that was an opposition who was willing to harm themselves, and the country, to not give any leeway.
I have legitimately spent fifteen minutes trying to find a source, but I haven't managed yet in Internet searches, lists of "ridiculous quotes" from McConnell, nor Wikiquote.
Thank you.
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And they did that. This is paying the extra tax the US - and only the US - requires on repatriation
Yet somehow they managed to avoid paying much tax elsewhere as well. Strange.
This is a diversion tactic. They're grabbing 252.3B and spending less than a fifth of it. Let's imagine a different world. 200B, divided by 50k + 1.5x overhead (75k) could create about 2.6M decent jobs for one year (or 1.3M for two years etc). 2.6M jobs is equal to 0.8% of the total US population. The total labor force size is about 160M (~1/2 the total population) and the U6 measure of unemployment is about 8%. A he…
I find it fascinating that a tax plan proposed by a President reviled throughout the Valley is the one thing that finally convinced Apple to repatriate much of its overseas cash and invest it here in the US. They of course give no credit to him in this press release, but the proof is in the pudding. Of the many heavy handed ideas and efforts made by the previous administration to convince Apple to do this, exactly 0…
> to repatriate much of its overseas cash and invest it here in the US. Where in the article does it state that they will invest the repatriated cash in the US? The only concrete number is the $38 billion tax payment upon repatriation, which is a direct result of the tax plan. If you read carefully they state nowhere how much of the repatriated cash will be invested instead of simply returned to shareholders. They ju…
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i already received 1,000$, to which I spent on a new energy efficient door, to which I paid a handyman to install it. there is a lot more winners than your dogma suggests. I am interested in seeing where this goes. if we do see wage growth from it, it provides evidence to a lot of questions about how the cost of healthcare was squeezing out our wages. if it doesnt, then a lot of complaints about corporations will hav…
> I am interested in seeing where this goes. if we do see wage growth from it, it provides evidence to a lot of questions about how the cost of healthcare was squeezing out our wages. if it doesnt, then a lot of complaints about corporations will have a lot more evidence. Spoiler alert: It's a remake. Trickle-down doesn't work. Investing significant money in businesses doesn't create more work. Increasing demand crea…
beyond that, I have seen me and many others see immediate returns. your position is already starting from a hole, but I am a wait and see kind of person.
I hope it works out, you should too, unless you are one of those people who just want to see the world burn types.
This discussion is missing context. The whole reason that Apple has to pay taxes on foreign income is because unlike almost every other developed nation the US has a worldwide tax system. Almost every other nation has a territorial tax system. The rest of the world with their territorial system taxes income earned within that country, the US rather taxes income worldwide, regardless of where it is earned. For example…
=> But if a US company earns income in Germany it pays both German taxes and US taxes. This is not portrayed accurately. If you pay German taxes, you claim exception for that amount. So if you pay more taxes than the rate in US, you owe no tax for that income in US. If the rate is less in the country than in US, you pay the difference.
Alternate headline: "Apple dodges $49B in taxes by waiting for a tax holiday". They reduced their rate on $250B of earnings from 35% to 15.5% by waiting for a new tax policy. https://arstechnica.com/tech-policy/2018/01/apple-plans-to-p...
This is a diversion tactic. They're grabbing 252.3B and spending less than a fifth of it. Let's imagine a different world. 200B, divided by 50k + 1.5x overhead (75k) could create about 2.6M decent jobs for one year (or 1.3M for two years etc). 2.6M jobs is equal to 0.8% of the total US population. The total labor force size is about 160M (~1/2 the total population) and the U6 measure of unemployment is about 8%. A he…
Are you under the impression that a sizable portion of those currently unemployed have the skills that Apple looks for in their employees? Or are you suggesting they start up a pastry shop, carwash and clothing conglomerate?
I'm suggesting that capitalism is going to encounter a crisis point sometime in the next decade or two at this rate. It will destroy itself leaving either barbarism or socialism in its wake.