Citi lists Netflix, Tesla as potential takeover targets for Apple

Re:Citi lists Netflix, Tesla as potential takeover targets f... by glenneroo on Saturday May 06, 2017 @03:13PM (#14281771)

If the government really cared, wouldn't/couldn't they just force banks to forbid transactions with known tax havens?

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Re:Citi lists Netflix, Tesla as potential takeover targets f... by runako on Monday May 08, 2017 @09:00AM (#14291095)

This isn't about tax havens, it's about the fact that US law levies taxes on corporate income earned anywhere in the world.

So iPhones sold in Sweden or France (not tax havens) generate tax liability in the US. This tax is only due when the profits of those sales are brought back to the US. Companies like Apple therefore have an incentive to keep overseas profits generated outside the US.

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