Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by IBM on Wednesday January 17, 2018 @08:05PM
(#16173726)
Yes you get a credit for the foreign taxes paid, but even still it's absurdly punitive for being an American corporation.
[ Parent
| on HN ]
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by Pulcinella on Wednesday January 17, 2018 @08:49PM
(#16173962)
I would not consider taxes to be “punitive.” Taxes aren’t punishment. They are much more like a membership fee.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by IBM on Wednesday January 17, 2018 @09:19PM
(#16174116)
I think it's fine to view taxes that way, but we should also realize that to a business taxes are a cost to be minimized. No for-profit business willingly conducts their affairs to maximize taxes.
We live in a rules based system and the rules should be designed to incentivize the behaviors we want. Expecting any business to deviate from whats in their best interest is just... out of touch with reality.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by burnallofit on Friday January 19, 2018 @05:35PM
(#16190540)
Many public corporations want to (indirectly) maximize taxes. That's because taxes are levied on profits, and maximizing profits to increase share value is often a good thing.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by rhizome on Thursday January 18, 2018 @12:13AM
(#16174868)
What's good for America is good for General Motors.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by fjsolwmv on Wednesday January 17, 2018 @09:42PM
(#16174215)
That's been repeated ad nauseum and isn't relevant to this discussion. Parent was replying to someone who said "punitive".
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by cm2187 on Thursday January 18, 2018 @02:50AM
(#16175428)
Taxes are very often used as a punishment to modify people's behavior.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by tambourine_man on Thursday January 18, 2018 @05:44AM
(#16176087)
A mandatory membership fee.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by lightbyte on Thursday January 18, 2018 @10:01AM
(#16177519)
It's not mandatory, you're free to move to Somalia and renounce your citizenship if you don't like having a government.
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ...
by tambourine_man on Thursday January 18, 2018 @11:37AM
(#16178452)
- They do have a governament, even if it doesn’t work.
- I’m not free to move anywhere I wasn’t invited nor is anyone paying my trip there.
All in all, death and taxes as they say.