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A comment on A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point. Parent comment

Re:A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point by peteretep on Thursday September 01, 2016 @08:54AM (#12404845) 

    > I would prefer the money stay with the shareholders
I thought it couldn't be repatriated anywy, because the US charges a level of tax that isn't 0.005?

    > rather than transferred to European politicians
Yeah, each MEP will get a personal dividend from it O_o

    > if you disagree and think that politicians would
    > make better use of the funds than an individual
This reduces to the absurd very quickly. Yes I think Apple should pay tax. They set up in a 12.5% corporate tax jurisdiction, and I think they should have to pay that, rather than the less than 1% that they did.
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Re:A Tax Expert Takes Tim Cook's EU Letter Apart Point by Point by marktheknife on Thursday September 01, 2016 @12:33PM (#12406681)
In general, U.S. reduces its tax by $1 on foreign income for every $1 of foreign taxes paid on it. So if Apple decides to repatriate the money after paying foreign taxes on it, the U.S. is in effect paying for the increased money going to the EU. (Or presumably would; perhaps the U.S. could argue this additional payment is not a creditable foreign tax.)
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