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Apple has a huge problem with its money
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The following comments relate to this news article:

Apple has a huge problem with its money

article published on 25 July, 2015

One problem you wouldn't think Apple has is money. Well, it seems that that's exactly one of the problems the company has. However, it is not lack thereof but instead the location. Apple holds much of its cash overseas where it is not as convenient as it would be in the US. Tim Cook and company have to find out a way to use it or transfer it without paying a huge amount of US taxes, Bloomberg reports. ... [ read the full article ]

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Bozobub
Senior Member
_ 		25. July 2015 @ 10:23 _ Link to this message    Send private message to this user   
Thing is, what corporations actually pay in taxes, much like those of filthy rich individuals, is in reality far, FAR lower than 35%.

As George Soros mentioned, he pays a lower percentage of his income in taxes than his housekeeper.

So, be prepared for a bunch of silly hyperbole that has little to do with actual facts, when Apple whines about taxes.
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This message has been edited since posting. Last time this message was edited on 25. July 2015 @ 10:24
mightyzog
Junior Member
_ 		25. July 2015 @ 15:08 _ Link to this message    Send private message to this user   
I'll hold it for them. I would love to have the problem of where to keep my 200 billion dollars. The government should tax a company's net value instead of the actual money that they have in the U.S.. This would keep these scumbag companies from "hiding" their money in offshore accounts. This is what happens when you give them incentives to do so.
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WW3
Member
_ 		25. July 2015 @ 21:49 _ Link to this message    Send private message to this user   
Originally posted by mightyzog:
 I'll hold it for them. I would love to have the problem of where to keep my 200 billion dollars. The government should tax a company's net value instead of the actual money that they have in the U.S.. This would keep these scumbag companies from "hiding" their money in offshore accounts. This is what happens when you give them incentives to do so.


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