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lkrupp said:fallenjt said:And AAPL after hour trading drops over 1%. What kind of WS bullshit is that?Buying stock in "stupid" would seem to be the long play these days. Anyone have the ticker for that??
cnocbui said:badmonk said:cnocbui said:Well I said it would be billions rather than SOG's ludicrous millions.
I hope the final outcome is that Apple eventually have to cough up. They have over $200 Billion in the bank because they are worlds biggest and most effective tax avoider. I hope this is just the start of all the other multinational tax dodgers finally getting what's coming to them.
Of course the situation Apple finds itself in is all the fault of the US government, not Ireland or the EU as it is US tax legislation that allows US companies to indefinitely defer tax repatriation while pretending to their host countries their tax is payable in the US.
I don't really care what tax Apple pays in the US. If I was a US taxpayer, I would be more concerned about the rate at which Apple was paying tax, not the dollar amount.
Please understand that I don't intend for the question to sound hostile. Really just taking the temperature of a concerned party, when asked to consider the long view on this relationship between sovereign and International Corporation. If you think I have the narrative wrong, please tell. There is much to consider and I honestly haven't yet come to my own conclusions about this ruling.