Apple now holding more cash than USA
bbc.co.uk
Apple now holding more cash than USA
1–10 of 130 posts
Re: Apple now holding more cash than USA
#2Supply-side economists, take note.
Re: Apple now holding more cash than USA
#3Of course, there's actually a much deeper and more important connection. The huge cash hoards of Apple, Google, Microsoft and other big multinational corporations are a direct outgrowth of clever tax strategies they use to shift profits to low-tax countries and avoid US taxes.
http://www.reuters.com/article/2011/07/27/us-microsoft-tax-i...
Corporate tax payments as a percentage of total tax revenues are low and historically low compared to the size of the economy. http://www.csmonitor.com/Business/Tax-VOX/2011/0209/Corporat...
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Doc...
Re: Apple now holding more cash than USA
#4"the country has an operating cash balance of $73.7bn"
How is this so? I thought the annual budget was in deficit. Quite significantly, in fact.
And not to mention the country has a massive debt. Although I understand how that may not affect the operating cash balance.
The headline definitely seems like it could be used as a sound bite for corporate tax increase commentary.
Re: Apple now holding more cash than USA
#5Of course, there's actually a much deeper and more important connection. The huge cash hoards of Apple, Google, Microsoft and other big multinational corporations are a direct outgrowth of clever tax strategies they use to shift profits to low-tax countries and avoid US taxes. http://www.reuters.com/article/2011/07/27/us-microsoft-tax-i... Corporate tax payments as a percentage of total tax revenues are low and histo…
It's a bit strange to call it shifting when the profits were made overseas. And it's no surprise they'd keep it off shores once they've made it, since they'd have to give up 35% of it to bring the money inside the U.S.
Re: Apple now holding more cash than USA
#6Of course, there's actually a much deeper and more important connection. The huge cash hoards of Apple, Google, Microsoft and other big multinational corporations are a direct outgrowth of clever tax strategies they use to shift profits to low-tax countries and avoid US taxes. http://www.reuters.com/article/2011/07/27/us-microsoft-tax-i... Corporate tax payments as a percentage of total tax revenues are low and histo…
Note that those big multinational corporations can't move money made outside the country to back home in the USA without incurring an absurd ~30% tax on top of whatever other taxes they paid whoever already. Word is Apple has been pushing for an amnesty so they _can_ bring their money home; until then, that money earned outside the US stays outside the US.
Re: Apple now holding more cash than USA
#7Of course, there's actually a much deeper and more important connection. The huge cash hoards of Apple, Google, Microsoft and other big multinational corporations are a direct outgrowth of clever tax strategies they use to shift profits to low-tax countries and avoid US taxes. http://www.reuters.com/article/2011/07/27/us-microsoft-tax-i... Corporate tax payments as a percentage of total tax revenues are low and histo…
It's a bit strange to call it shifting when the profits were made overseas. And it's no surprise they'd keep it off shores once they've made it, since they'd have to give up 35% of it to bring the money inside the U.S.
This is not about profits made overseas, say like selling iPhones in China This is the use of complex strategies, like creating a shell company in the Isle of man that "owns" intellectual property and "licenses" it to the US subsidiary for a fee that just happens to equal most of the profits on US sales. The profits go to the tax haven and never come back.
Re: Apple now holding more cash than USA
#8Of course, there's actually a much deeper and more important connection. The huge cash hoards of Apple, Google, Microsoft and other big multinational corporations are a direct outgrowth of clever tax strategies they use to shift profits to low-tax countries and avoid US taxes. http://www.reuters.com/article/2011/07/27/us-microsoft-tax-i... Corporate tax payments as a percentage of total tax revenues are low and histo…
Note that those big multinational corporations can't move money made outside the country to back home in the USA without incurring an absurd ~30% tax on top of whatever other taxes they paid whoever already. Word is Apple has been pushing for an amnesty so they _can_ bring their money home; until then, that money earned outside the US stays outside the US.
Again, this is not because of ordinary sales outside of the US. This is a purposeful effort to reduce the amount owed in US taxes on activity in the US (and other "high" tax countries).
Re: Apple now holding more cash than USA
#9Of course, there's actually a much deeper and more important connection. The huge cash hoards of Apple, Google, Microsoft and other big multinational corporations are a direct outgrowth of clever tax strategies they use to shift profits to low-tax countries and avoid US taxes. http://www.reuters.com/article/2011/07/27/us-microsoft-tax-i... Corporate tax payments as a percentage of total tax revenues are low and histo…
Note that those big multinational corporations can't move money made outside the country to back home in the USA without incurring an absurd ~30% tax on top of whatever other taxes they paid whoever already. Word is Apple has been pushing for an amnesty so they _can_ bring their money home; until then, that money earned outside the US stays outside the US.
Last time we had an amnesty, all the money that flooded back in to the USA wasn't reinvested the companies or used to grow the economy, it just want straight into bonuses and dividends.
Re: Apple now holding more cash than USA
#10Earlier quoted context omitted.
Note that those big multinational corporations can't move money made outside the country to back home in the USA without incurring an absurd ~30% tax on top of whatever other taxes they paid whoever already. Word is Apple has been pushing for an amnesty so they _can_ bring their money home; until then, that money earned outside the US stays outside the US.
Again, this is not because of ordinary sales outside of the US. This is a purposeful effort to reduce the amount owed in US taxes on activity in the US (and other "high" tax countries).
here's another good explanation
http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho...