Skip to comments.Apple’s cash is cached
Posted on 05/05/2013 12:37:04 PM PDT by Kid Shelleen
--snip- To understand how big of a deal this is, you need to understand that Apple, the worlds most profitable technology company, works through a large and complicated array of offshore companies to hold its taxable profits overseas.
By creating subsidiaries in tax havens like Ireland, Luxembourg, the British Virgin Islands and the Netherlands, the company saves billions in taxes.
(Excerpt) Read more at nypost.com ...
All of this is allowed because of the tax laws that Senators write on a weekly basis. What’s the big deal...roughly 70k pages of tax code...written by professional Senators.
Yep, written on an Apple. . . . . .
Good for Apple.
The author thinks hiding money offshore is a problem, but he doesn’t understand how to solve it. If the United States was the lowest cost place to do business and pay taxes, all that hidden money would come onshore with the click of a mouse button.
The author thinks hiding money offshore is a problem, but he doesnt understand how to solve it. If the United States was the lowest cost place to do business and pay taxes, all that hidden money would come onshore with the click of a mouse button.
Just like when Reagan greatly reduced capital gains tax rates...suddenly a gusher of “locked up” capital gains was freed to be redeployed into better investments. Leftists will never understand human behavior when it comes to money or yearning for freedom and shunning despots and tyranny.
any one that can legally get out of paying taxes gets a big high 5 from me....no one on the face of the earth is as greedy as the US government....
The less money this pathetic government of ours gets the better!
F U B O !
I still don't understand why it is a big deal.
It's legal. It's good business practice to employ favorable tax provisions.
In the larger picture, Apple makes much better use of it's revenue than the government. And that is to the advantage of everyone for them to do so.
So stop whining and compete! Those “tax havens” only attract profits because they aren’t as greedy in the taxation of it. Why do you feel entitled to cut yourself as big a chunk of someone else’s pie as you want, then complain when he seeks out better associates? Seems like YOU’RE the problem and trying to blame the victim (or his other friends that DON’T screw him) for it.
Good for Apple. If all our corporations had been this intelligent, the Federal government would have been forced to do less and we would have more freedom. Handing your hard-earned profits over to these scoundrels so they can buy votes is worse than flushing them down the toilet.
Pres. Reagan’s advice: “Starve the Beast.”
By creating subsidiaries in tax havens like Ireland, Luxembourg, the British Virgin Islands and the Netherlands, the company saves billions in taxes.IOW, buy Apple stock -- particularly if you're happy when someone figures out how to stick it to the feds. :')
“and on the 30-year fixed, 3.883 percent”
Anyone buying those bonds is utterly insane.
BTW, what Apple is really doing here is shorting the dollar by borrowing ones they don’t have with the expectation that they’ll be paying back with cheaper ones.
The only real question is what they intend on doing with them in the mean time? It really doesn’t them a whole lot of good to sit on them other than as a passive protection against inflation.
One big problem: the per share price of Apple is so high that it's hard for many smaller investors to buy it in the usual amounts of 100 shares. Maybe there is some reason that they let the per share price go so high without a stock split.
Stick it to the feds? Not sure about that. Don't know this for a fact, but my intuitive guess would be that Apple's board of directors (like many big tech companies) is composed of a majority of Democrats.
I don’t see what the big deal is. The U.S. government shouldn’t get their hands on money Apple earned overseas, that Apple is reinvesting overseas. On money earned in the U.S., yes, but no elsewhere. Apple is a world-wide company, building infrastructure elsewhere for supporting sales elsewhere. No different than Ford or Coca-Cola building factories in China and Africa to do business there. This is not new, lots of U.S. companies have done this for many years.
If Apple sells an iPad in Belgium that was made in China and shipped the Europe, and paid for with Euros, does the US havea right to a penny of that profit?
I cannot understand for a second why it would.