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

Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by marvin on Thursday January 18, 2018 @03:20AM (#16175524)

Wait a minute. Does this tax bill end the situation where e.g. Google earns $100 million/year in my European home country, but pay only $150,000 in taxes to my home country, using an Irish holding company to ensure their net tax rate (including to the US) on this amount is only a few percent? That would seem like a very good thing to me. The current situation is quite unjust.

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Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by skgoa on Thursday January 18, 2018 @07:42AM (#16176634)

Nope. That's an intra-EU thing and is very unlikely to change.

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Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by revelation on Thursday January 18, 2018 @03:49AM (#16175643)

It doesn't. It just means Google will now pay less money to the US government when they want to spend their overseas profits in the US.

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Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by Cthulhu_ on Thursday January 18, 2018 @03:56AM (#16175671)

I think more that Google will hoard less money in Europe to avoid US taxes and will be able to move more back to the US for investments there. It's the US' new isolationist policies in action.

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Re:Apple plans new U.S. campus, to pay $38B in foreign cash ... by talmand on Thursday January 18, 2018 @09:46AM (#16177380)

You mean the new tax law that's more in line with the rest of the world when concerning corporations? Those damn US isolationists acting like the rest of the world! Next thing you know the globalists will start insisting on strong borders and immigration controls.

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