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What a generic statement. Apple records contingent tax liabilities each quarter for profits they have set aside to pay future taxes on foreign earnings when that money comes back to the states. If that money stays overseas, they'll never pay US tax on it. And rightfully so. It's not money earned in the US, and thus should not be subject to US taxes.Steve Jobs would be proud
Companies like Apple get to keep billions every years because of tax loopholes too.
The US corporate tax rate is 35%, one of the highest in the developed world. There's $1.5 trillion sitting overseas that could be brought back home if that tax rate were lowered. Romney and many Republicans support a tax holiday similar to the one enacted in 2004, to get some of that money back home.
So it's up to the left: you're either never going to see that money, or you can see a little piece of it. Which is it going to be?