Apple Is the New Pimco

Post by jfuhrman » Fri, Jun 05, 2015, 7:33 PM UTC

devmach wrote: post #40

jusben1369 wrote: post #25

Earlier quoted context omitted.

Errr because they're headquartered in the US and rely on the shield of the US government when it comes to rule of law, educating their workforce, providing the infrastructure etc for them to be in the position where they are today? In this day and age it makes _less_ sense to try and tax based on where componentry or network services or consumers start or finish.

This made me think: * Apple, Google, Microsoft et al. have many foreign workers (green card, H-2B, or maybe L1 visa) and it is easier for american citizens to move/work outside of US than foreigners to get work visa in US. So the question is, if a country (like Spain or Greece) promises tax advantage for next 25 years and makes easier to get visa for employees, would these companies move their hq there? * If, say, Eu…

Post by return0 » Fri, Jun 05, 2015, 7:36 PM UTC

charlesdm wrote: post #38

jusben1369 wrote: post #25

Earlier quoted context omitted.

Errr because they're headquartered in the US and rely on the shield of the US government when it comes to rule of law, educating their workforce, providing the infrastructure etc for them to be in the position where they are today? In this day and age it makes _less_ sense to try and tax based on where componentry or network services or consumers start or finish.

Only an American could have written this answer. All other countries in the world use a non global taxation system. Two basic scenarios: 1. US entity owns a company in the UK. UK company earns $100, pays 20% tax on that, and is left with $80. Declares a dividend to the US parent, and the US then taxes the difference (35% US tax rate - 20% UK tax rate = another 15% to pay). We're left with $65 2. UK entity owns a comp…

Post by progmanal » Fri, Jun 05, 2015, 7:37 PM UTC

cmsmith wrote: post #27

oceanstone wrote: post #10

> Apple, Oracle, Google Inc. and seven of their biggest peers now have in excess of $500 billion of cash and marketable securities, up more than three-fold since 2008, according to data compiled by Bloomberg. The problem is much of it is stuck overseas. Stuck overseas in the sense that these corporations aren't willing to pay American taxes [1], insisting on using complex tax loopholes that essentially leave the bill…

And the corporations only hold out for a repatriation holiday because there has been one in the past, and there is a decent chance of there being one in the near future. This is a slippery legislative cliff - once you indicate a willingness to have the holiday, there is no point in not just dropping the tax rate permanently since no one will bring their billions in otherwise. I wonder what would happen if we passed a…

Post by serve_yay » Fri, Jun 05, 2015, 7:39 PM UTC

notsony wrote: post #45

chollida1 wrote: post #2

> Getting allocations of corporate bond deals is one of the easiest ways for managers to outperform benchmark bond indexes because they’re typically sold at a discount to market rates, according to Jason Shoup, the head of U.S. high-grade credit strategy at Citigroup Inc. The bonds aren’t added to the indexes investors are measured against until the end of each month. That can generate as much as 0.2 percentage point…

Bonds, billions, taxes, loopholes, Ireland, Dr Dre and BEATS, blah blah blah. Let's put this all into perspective shall we? Apple is drowning in cash yet takes a 30% cut from developers and charges developers $99 to join the iOS developer program. You also have to pay $99 to join the Mac developer program, even if you don't want to sell in the Mac App Store, because you need to codesign your application with an Apple…

Post by athenot » Fri, Jun 05, 2015, 7:41 PM UTC

larrys wrote: post #28

chollida1 wrote: post #2

> Getting allocations of corporate bond deals is one of the easiest ways for managers to outperform benchmark bond indexes because they’re typically sold at a discount to market rates, according to Jason Shoup, the head of U.S. high-grade credit strategy at Citigroup Inc. The bonds aren’t added to the indexes investors are measured against until the end of each month. That can generate as much as 0.2 percentage point…

"Steve Cohen at SAC was famous for overpaying on commissions " After a real estate deal last year I bought the broker a gift and delivered it. He said "wow shouldn't I be buying you the gift?". No problem because the next time I was the person he called first when he got a fresh listing on a commercial investment property which I was able to buy at a much lower price per sf than if he had actually taken the effort to…