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

Post by ogre_magi » Wed, Jan 17, 2018, 8:36 PM UTC

arrrg wrote: post #111

downandout wrote: post #36

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…

This might be the most brilliant tax plan in the universe. The president wouldn’t be any less revolting because of that. I’m not sure why you are connecting these two ideas. It is true that the partisan extremism of everything leads to people irrationally hating everything someone does (or, as in this case, is loosely associated with), but that doesn’t mean the opposite. This does not and should not wash this revolti…

Post by seanmcdirmid » Wed, Jan 17, 2018, 8:36 PM UTC

untog wrote: post #106

downandout wrote: post #36

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…

> the one thing that finally convinced Apple to repatriate much of its overseas cash and invest it here in the US That doesn't really seem too surprising. The previous administration tried to force them to do it, they refused. The current administration gave them what they wanted, they did it. > If other US corporations follow suit with repatriation, the American economy will experience unprecedented corporate reinve…

Post by jasonlotito » Wed, Jan 17, 2018, 8:36 PM UTC

downandout wrote: post #36

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…

Post by pageandrew » Wed, Jan 17, 2018, 8:36 PM UTC

notyourday wrote: post #99

eqmvii wrote: post #88

Earlier quoted context omitted.

> a tax plan proposed by a President The corporate tax changes weren't his idea - they have been kicking around Capitol Hill with more or less bipartisan support for years, and it almost happened while Obama was president. The full package of changes wound up being highly politicized and controversial, but the corporate changes were always seen as very likely to pass sooner or later.

They may have been kicked around the Capitol Hill for years but while (D)s had control of the presidency it did not happen. There was a time when (D)s had control of Congress, Senate and Presidency with Obama as a President and it did not happen. To claim this tax cut is a result of bipartisan legislation is rather odd. [Edit] It must be really painful to downvote reality.

Post by jonknee » Wed, Jan 17, 2018, 8:37 PM UTC

downandout wrote: post #75

magicalist wrote: post #72

Earlier quoted context omitted.

> 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. Why is that fascinating? It's the tax holiday the tech megacorps have been asking for since the last one in 2004.

And yet nobody gave it to them until now, which resulted in trillions of dollars that should have been benefitting the US economy sitting unused in places like Ireland.