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This whole thing with Apple is like watching the snake swallow its own tail.
I read that Apple was going to borrow $15 billion dollars for some projects. When asked why they were borrowing the money instead of using cash on hand the CFO said it was because if they used the cash on hand they would have to pay taxes on it. It is cheaper to pay interest on the loan then the taxes.
Still, that aside, it is companies that hire lobbyist and basically pay off lawmakers to make all of these loopholes in the tax laws for them to use. They then use them and now the lawmakers that made them are suddenly outraged by it.
To me this is nothing more than a dog and pony show. They will question Apple and maybe a few other companies and put on a good show so when they run for reelection next year they can tell the voters how they stood up to the big businesses that trying to skip out of paying taxes. Nothing will happen to the businesses and business will continue as normal.
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