Apple it’s time to come home. Trump wants a15% rates and no EU thugs.
Tim Cook appeared before a US Senate committee asking for essentially the same thing, telling them that the current 35% tax rate just to bring home the money that Apple has ALREADY earned home is ridiculous. The USA is one of only two countries in the world that has such a idiotic law that prevents its own companies from bringing their own assets home to invest AT HOME. The other is a landlocked African Socialist Dictatorship with no multinational corporation headquartered within its borders.
Note that Apple was holding the money in Ireland until the next “tax holiday” year in the USA (the last was in 2004 when it paid 5% on money repatriated). So, Trump’s 15% won’t sway apple.