Chaz
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- Joined
- Aug 29, 2014
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Apple is based in the US. Ask them how much tax they pay in the US.
Money earned overseas is usually held oversees in foreign accounts. That way the companies can avoid the taxes they would pay if they brought that money back into the US.
Check out the recent controversy with Apple and how they report most of their foreign income as being earned by their tiny little office in Ireland. Coincidentally, Ireland has laws that are very friendly toward that kind of thing. And it's completely legal. However, Apple also has to pay dividends and returns to their investors on that profit on which they are paying no tax. So they borrow heavily in the US to pay their investors their dividends. Meanwhile they thumb their noses at the government and say they won't being the money back into the US until the US changes the tax laws. Apparently the EU is trying to force Ireland to crack down on this kind of thing, and bring their laws in line with the rest of the EU, but Ireland is fighting it, and Apple is pissed as hell at the EU over it.
Their tiny little office employs about 4,000 people, and why would a company want to pay more taxes? Why should they pay double taxes on money earned outside our country? Would you like to earn money in more than one state but have to pay taxes in each state on your total earnings? Or would you rather pay taxes on only the money you earned in each state to that state? It is the same thing, if they earn money outside the U.S. they should be able to bring it back here without having to pay taxes on it again.