News for hackers. Stuff that matters.

A comment on Apple plans new U.S. campus, to pay $38B in foreign cash taxes. Parent comment

Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by miketery on Wednesday January 17, 2018 @08:11PM (#16173765)
> That means that there won't be any more hordes of overseas profits. And means the end of those tax inversions or corporate inversions you have been hearing about. [1]

This won't stop companies selling their IP to overseas shells and then paying royalties.

[ Parent | on HN ]
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by sjg007 on Wednesday January 17, 2018 @09:07PM (#16174044)
The IRS really does not like that. I believe it's in litigation. Still if a citizen is subject to a tax on the difference between foreign taxes paid and US taxes owed, a corporation should be as well.
[ Parent | on HN ]
Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by Y_Y on Wednesday January 17, 2018 @09:11PM (#16174066)
The converse is also true.
[ Parent | on HN ]