Apple's cash hoard swells to $246B

Re:Apple's cash hoard swells to $246B by sumedh on Sunday April 16, 2017 @01:00AM (#14124418)

So why dont you renounce your US citizenship?

The US govt knows that most non resident US citizens even if they dont like paying taxes are still going to pay it because those citizens still want to be part of club US.

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Re:Apple's cash hoard swells to $246B by morgante on Sunday April 16, 2017 @01:35AM (#14124512)

Renouncing citizenship is expensive and non-trivial. The US global taxation regime is a trap.

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Re:Apple's cash hoard swells to $246B by sumedh on Sunday April 16, 2017 @02:14AM (#14124624)

Yes I know its convoluted but do want to keep paying taxes every year or just renounce citizenship , it's your choice.

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Re:Apple's cash hoard swells to $246B by yehi on Sunday April 16, 2017 @04:07AM (#14124903)

Just renouncing US citizenship costs several thousand dollars in legal fees and could take up to 5 years. What you are suggesting is similar to telling someone who is complaining about rent prices to just buy a house.

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Re:Apple's cash hoard swells to $246B by nikdaheratik on Monday April 17, 2017 @08:05PM (#14135502)

Well why doesn't the US government just decide to tax its citizens the same as nearly every other country in the world? You're saying that the solution to a bad system is to move, rather than just making the system less terrible.

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Re:Apple's cash hoard swells to $246B by sumedh on Monday April 17, 2017 @10:51PM (#14136138)

I am talking about realistic scenarios, that person can renounce US citizenship, changing the US tax code is not in his hands, is it?

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