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A comment on Apple Reports Third Quarter Results. Parent comment

Re:Apple Reports Third Quarter Results by downrightmike on Tuesday July 31, 2018 @05:07PM (#17657147)
On why the US tax rate should be raised: access to the most profitable market: https://2672686a4cf38e8c2458-2712e00ea34e3076747650c92426bbb...
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Re:Apple Reports Third Quarter Results by gnicholas on Tuesday July 31, 2018 @07:06PM (#17658107)
This might make sense if the US had a territorial tax system, like much of the rest of the world. But the US rate applies to the global profits of US-based companies.

The mix of high rate and worldwide (non-territorial) taxation is why so many US companies end up being acquired by foreign companies. Then you don't have to pay US rates on your worldwide income.

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Re:Apple Reports Third Quarter Results by urda on Tuesday July 31, 2018 @05:18PM (#17657254)
How about not just raising taxes to raise taxes? The US isn't really effective with what they collect already (beyond more military), but hey let's slap some more pork belly on.

That would be fucking swell.

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