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Will Apple soon be able to bring back $100 billion in cash from overseas due to tax holiday?
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The following comments relate to this news article:

Will Apple soon be able to bring back $100 billion in cash from overseas due to tax holiday?

article published on 11 June, 2014

Apple may soon be able to bring back over $100 billion in cash they hold overseas as Senate Democrats and Republicans are meeting to consider offering a one-time tax break if corporations repatriate such stashed profits. U.S. Senate Minority Leader Mitch McConnell says Republicans have considered the "tax holiday" and "it enjoys a good deal of support in our conference." The "holiday" ... [ read the full article ]

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Posted Message
cart0181
Member
_ 		12. June 2014 @ 01:34 _ Link to this message    Send private message to this user   
Of course offering a tax holiday for the peasants wouldn't help anyone. Let's give it to the trillion dollar corporations instead.
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Interestx
Senior Member
_ 		12. June 2014 @ 05:24 _ Link to this message    Send private message to this user   
Yeah, let's allow the already wealthiest another huge tax-break & load those at the bottom & middle even further.

Meanwhile get the media & the various mouth-pieces squalking about how raising the minimum wage or having decent public services etc etc is a strain too far.
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dEwMe
Senior Member
_ 		12. June 2014 @ 08:46 _ Link to this message    Send private message to this user   
There must be some good that would come from having that money back in the US. I hope Apple would spend it in some way or maybe pay dividends out to shareholders. Not all of them are 1%'ers.
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Just my $0.02,

dEwMe
bhetrick
AfterDawn Addict
_ 		12. June 2014 @ 10:02 _ Link to this message    Send private message to this user   
Sounds about right for Congress.

Lets just give corps a short tax break to bring the cash back home instead of fixing the loopholes which let corps get away with tax evasion to begin with.
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DVDBack23
Staff Member

4 product reviews
_ 		13. June 2014 @ 11:30 _ Link to this message    Send private message to this user   
Originally posted by bhetrick:
 Sounds about right for Congress.

Lets just give corps a short tax break to bring the cash back home instead of fixing the loopholes which let corps get away with tax evasion to begin with.
Exactly. Always another band-aid. Entire tax system needs reform, personal and corporate.
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Interestx
Senior Member
_ 		13. June 2014 @ 20:20 _ Link to this message    Send private message to this user   
Originally posted by dEwMe:
 There must be some good that would come from having that money back in the US...........Not all of them are 1%'ers.
You should take a look at how charity tax regs have been used & abused by the likes of Walmart solely to further enrich the already most rich.

If you still believe in some sort of 'trickle down' effect I'd suggest it's not real wealth trickling down but something altogether more loathsome falling on us...as the 1%'ers laugh all the way to their gated & armed security mansions.


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