If you go overseas and work for a year and are paid there when you return you get the money US tax free. I have a friend who works in Afghanistan and besides the very high rate he get, it is tax free if he stays for a year. He actually is allowed to come back to the US or a territory of the same for a short period (I think less than 2 weeks) without jeopardizing that (as long as he does not bring back money from there. He lives in a compound on a rather large base and it is a hell of a lot of work in the heat but the money for skilled folks is great (especially tax free). He is a Master Electrician He works for KBR.
Are you sure he is a US citizen? That setup sounds more like a non-US citizen that has permission to work in the US. Last time I looked, US citizens get the first $100k tax free, and then have to pay taxes on the rest (with a credit for foreign tax paid) on anything above that, even if they never set foot in the US.
As someone who lives in a country ( Ireland) which benefits from Apple being over-seas, I disagree. Apple adds value in design, and software. The tax should be paid where value is added, worked out on some agreed system.
Before this though, the US needs to reduce the rate or both companies and jobs will flee.
Apple paid $6 billion in corporate tax to the US last year out of $54 billion in worldwide corporate profits - I think that they are paying plenty based on whatever percentage of Apple's value that is added in the US. How would you even calculate that anyway?
Comments
Quote:
Originally Posted by Damn_Its_Hot
If you go overseas and work for a year and are paid there when you return you get the money US tax free. I have a friend who works in Afghanistan and besides the very high rate he get, it is tax free if he stays for a year. He actually is allowed to come back to the US or a territory of the same for a short period (I think less than 2 weeks) without jeopardizing that (as long as he does not bring back money from there. He lives in a compound on a rather large base and it is a hell of a lot of work in the heat but the money for skilled folks is great (especially tax free). He is a Master Electrician He works for KBR.
Are you sure he is a US citizen? That setup sounds more like a non-US citizen that has permission to work in the US. Last time I looked, US citizens get the first $100k tax free, and then have to pay taxes on the rest (with a credit for foreign tax paid) on anything above that, even if they never set foot in the US.
Quote:
Originally Posted by asdasd
As someone who lives in a country ( Ireland) which benefits from Apple being over-seas, I disagree. Apple adds value in design, and software. The tax should be paid where value is added, worked out on some agreed system.
Before this though, the US needs to reduce the rate or both companies and jobs will flee.
Apple paid $6 billion in corporate tax to the US last year out of $54 billion in worldwide corporate profits - I think that they are paying plenty based on whatever percentage of Apple's value that is added in the US. How would you even calculate that anyway?
Quote:
Originally Posted by e1618978
Apple paid $6 billion in corporate tax to the US last year...
Yeah, and US government spent it all in less than a day.