Re:America has become too anti-innovation
by jorvi on Thursday May 11, 2017 @10:22AM
(#14316198)
Humor me this: why should Apple pay any significant tax to America on a Chinese-assembled iPhone, built from Chinese parts, sold in a Chinese store to a Chinese man, via a Chinese bank, in Chinese currency? America its worldwide tax policy is absolute hubris, thinking it is entitled to a piece of another country's tax stream.
[ Parent
| on HN ]
Re:America has become too anti-innovation
by MagnumOpus on Thursday May 11, 2017 @12:51PM
(#14317483)
Because the value added is in the brand and the software, both of which are created in the US -- as is demonstrated both in the pricing of equal competitor hardware at a third of what iDevices sell for.
And of course Apple doesn't pay corporate income taxes on most of its profits in China either[1], so the issue would remain even if you could convince anyone that the value creation and tax obligation took place in China.