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Pressure mounts for Apple repatriate $40B in overseas cash - Page 3

post #81 of 82
Quote:
Originally Posted by Frood View Post

This is the crux of the problem though.   Most of Apple's profits come from selling phones in the US.  They record most of their profits as having been made in Ireland.
Apple did not sell $130billion worth of phones in Ireland 1tongue.gif  Probably not even $2 billion.  Its legal and just about all multinational corporations do it.

If they actually made most of the money in Ireland and were taxed there, there would be no issue.  The problem is they make all their money in the US and get the advantages of being a US corporation, take what they can out of the system, but don't pay in.  Our government spends 'n' dollars every year (where 'n' is a really f'in big number).  They need to take in as close to 'n' in taxes every year from wherever they can get it.  Since the people making most of the money (large corporations), can conveniently opt out of paying, that leaves the rest of us to pay higher taxes.

Obviously the government needs to make 'n' a smaller number regardless of who is paying taxes.  But having the people making the most money only pay @ 2% taxes on their income would be a nice thing to fix along the way too.

Your logic is so screwed, it's hard to know where to begin corrections. Your facts are wrong as well. Show us some documentation that proves your argument. You don't understand the situation.
post #82 of 82
Quote:
Originally Posted by anonymouse View Post

That was in the article?

Doesn't have to be in the article. Read the papers, or CNN, or other such news source. It's been in the news.
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