davidw said: But the Feds did not lose any tax money with the tax cut. At least not yet. Apple would not have brought those overseas profits into the US and use it for stock buyback, if the Feds did not lower the corporate tax rate. Those profits would still be sitting in foreign accounts, untaxed by the US. So what is being recouped?
The federal tax cut included an overall corporate rate decrease inside the United States, not just a lower repatriation rate for overseas earnings. Federal taxes are used to benefit everyone across the country in various ways, so citizens of the city of Cupertino DO lose something (just like everyone else) when corporate taxes at the national level are cut. It doesn't need to have a 1:1 connection to municipal budgets to effect citizens negatively.
In the City of London all the companies that have offices there get a vote (might not be 100% correct about that but its something like that). It would be good if Apple and other companies in the area had a vote over this council.
Do you specifically mean the City of London, as per your capitialization, or London the city?
The City, the ancient bit. Companies get a vote...
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