Originally Posted by Russell Profits yes. I never said sales tax. You're putting words in my mouth.
So profit made outside the US through a subsidiary that doesn't exist in the US you still want to have all taxed as if the sale and money were all in the US? And you think this sounds reasonable?
I want every businesses to pay their fair share of taxes.
So Apple is obeying the law and yet you think it's not fair for Apple (haven't even mentioned Google and the double Irish agreement) is paying only 2.5% of all corporate taxes even though all the companies in the US Apple is much less than 1/40th? Is that right?
Where are your numbers? Where have you taken into account all of Apple's profits for the year and said they they need to pay taxes in every country they do business as well as this mobster like payment you want them to pay extra to the US? Where is your analysis on how many companies will simply move their HQ out of the US to avoid this draconian law you wish to establish? Have you considered how this would negatively affect our country?
Warren Buffet thinks so too.
Where has Warren Buffet said that profit made outside the US through a subsidiary that doesn't exist in the US should still be taxed as if the sale and money were all in the US.
Being made in the US would be good for the country. Apple has already started to do that. They obviously think the cost difference is negligible.
No, they haven't done that. There are parts
that are done in the US, like automated manufacturing and smaller-scale assembly, but you cannot get any Apple Mac or iDevice completely designed and made in the US without the cost being astronomical, even if it's possible, which it might not be because there are licensing that may require paying a company outside the US which would therefore be putting some of the money back in those nasty
foreigner's pockets. Then you have equipment to make the products which very likely aren't made in the US. We are a worldwide economy. The South will not rise again.
"If you want to make an apple pie from scratch, you must first create the universe" ~Dr. Carl SaganEdited by SolipsismX - 1/5/13 at 10:44pm