Quote:
Originally Posted by Supz
They aren't really skirting the system. its not like they are dumping US money offshore. This is money that was spent on apple products overseas. Not in the US. So They are manufactured outside the US, and sold outside the US. Why would they pay US taxes on them?
|
You beat me to it. Not to mention, they do pay taxes in those other countries. It just happens to be a lot lower than what they would pay in the USA. That is how international business works. If the US based company then brings that money back into the USA, they get penalized for doing so. I'm actually surprised anyone repatriates money earned abroad.
So now they want to borrow money to do X instead of repatriate money and lose 35% of it for no real reason other than the IRS wants it. That is a no brainer. Good for Apple.