Apple to Pay $38 Billion in Taxes on Cash Overseas, Build New U.S. Campus (Obama, companies)

[jennifercheswold]

https://www.wsj.com/articles/apple-t...pus-1516215419

I'm surprised we haven't seen a thread on this yet. This is huge, especially since $38 billion in taxes is coming back onshore, which is much needed and can help ameliorate the increase in the deficit and well as hopefully lead to a bi-partisan infrastructure bill in 2018

Apple recently said it had $252 billion in cash or cash equivalents abroad. Without these tax cuts, which I may add was done by the GOP/Trump and all 48 Democrats voted against, companies such as Apple would not be willing to bring business and money back to US shores.

How are dems gonna spin this one?

[BugsyPal]

Originally Posted by jennifercheswold

https://www.wsj.com/articles/apple-t...pus-1516215419

I'm surprised we haven't seen a thread on this yet. This is huge, especially since $38 billion in taxes is coming back onshore, which is much needed and can help ameliorate the increase in the deficit and well as hopefully lead to a bi-partisan infrastructure bill in 2018

Apple recently said it had $252 billion in cash or cash equivalents abroad. Without these tax cuts, which I may add was done by the GOP/Trump and all 48 Democrats voted against, companies such as Apple would not be willing to bring business and money back to US shores.

How are dems gonna spin this one?

Been there, and done that. Please keep up.


//www.city-data.com/forum/polit...0-billion.html


//www.city-data.com/forum/polit...500-bonus.html

[turkey-head]

Thankyou for the crumbs massa!

[craigiri]

Hah, I am a BIG Apple Investor and read an article yesterday about how repatriation is going to LOWER US PROFITS and make for much worse numbers. You see - the piper must be paid. All these years it wasn't, so things looked good - but when you have to pay (21%?), then things look very different.

I'm not selling and I'm not worried.

But - not how conservatives championed what is perhaps the finest HQ and Campus in the WORLD which was designed and built by Apple in CALIFORNIA during the OBAMA administration. Shhhh......don't mention that....it might go against the opinion you already formed.

Bottom line is these large multi-nationals could care less. They need to sell good products...and in the end whether they pay 18%, 20%, 21% or 25% (I think 24% is the average that US firms pay), it doesn't matter a bit.

Tell me that you are smarter than 100's of Apple accountants and I'll listen.