boltsfan17

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boltsfan17
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  • Irish finance minister decries EU's demand for $15B+ in Apple back taxes, says it's not Ir...

    boltsfan17boltsfan17
    gsrennie said:
    Does anybody have any insight into how much of Apple's foreign cash is liable for payment of taxes (eventually) in the U.S. as opposed to other countries? One would think it would be a relatively easy matter for Apple to determine how much of its product and services are sold in a particular country and how much in tax is due to that country and to pay those taxes promptly. Has this Irish-EU standoff arisen because U.S. tax law allows Apple to hold pre-tax earnings offshore and re-patriate it at a time of its choice? So, maybe the EU sees an opportunity here to grab taxes on a big chunk of Apple's pre-tax earnings that should rightly be taxed by the U.S.? If so, one would think there should be some pressure on the U.S. to amend its tax laws to prevent companies like Apple from indefinitely holding pre-tax earnings overseas for some kind of temporary tax holiday. Taxes should be paid on an annual basis, regardless of where the pre-tax cash is parked. If I tried to hold some of my pre-tax income offshore to avoid the current year's taxes and tell the government I want to pick the year in which to pay taxes in, I think I'd be risking jail time.
    None of Apple's overseas cash horde is liable for tax payements in the U.S. since the money is earned overseas. Apple already pays taxes here in the U.S. for all the profit it books in the U.S. There is no tax repatriation right now. Last time was 2004 I belive. If Apple were to bring back any amount of money held overseas back into the U.S., they would get taxed 35%. The EU standoff came about because the EU feels Ireland has basically given Apple illegal state aid for alleged tax agreeements. It has nothing to do with taxes in the U.S. Not sure if you are confused at how this whole offshore thing works for large coprorations. Apple isn't moving income earned in the U.S. overseas. If you are taking income earned in the U.S. and then hiding it offshore to avoid paying taxes, that's obviously against the law. Thats not what Apple is doing. The way Apple is set up, they are booking profits overseas so they don't have to pay taxes here, which is perfectly legal.
     
    avon b7

  • Walmart's Vudu to get native Apple TV app on Aug. 22

    boltsfan17boltsfan17
    Great news! Now Apple needs to release a 4K Apple TV that supports Dolby Vision. Dolby Vision titles on Vudu look pretty awesome. The good thing with Vudu is if you redeem digital codes for 4K movies you've purchased, you will get the 4K digital copy on Vudu. 
    jahbladesupadav03

  • Growth of Apple's Siri hampered by privacy & departure of key staff - report

    boltsfan17boltsfan17
    I have an Echo and I think its doesn't do that great of a job at separating background noise. Every day, it picks up sound from my TV and always says it doesn't understand what I'm saying. It actually gets quite annoying. 
    irelandMuntzHBW1argonautjahbladelongpathbb-15

  • Michelle Obama talks entrepreneurship, social issues, more at WWDC

    boltsfan17boltsfan17
    MacPro said:
    How cool, wish I'd been there.

    Close thread fast before the haters come out!
    I thought Obama was the worst president in my lifetime but I still think it would be cool to meet any president/first lady regardless of political affiliation.
    SpamSandwichicoco3

  • Apple TV owners to get first-ever public beta with tvOS 11

    boltsfan17boltsfan17

    fallenjt said:
    normang said:
    Where is the 4k Version of Apple TV.... its overdue... way overdue... 
    Yeah? Where is the broadcast channel in 4K? It's still early for 4K with a dozen or so movies for streaming. I don't expect much 4K adoption by 2019. I'll buy 4K Apple TV where over 25% movies in Netflix are in 4K.
    DirecTV has a full time 4K channel. It's pretty good. It shows a lot of great nature documentaries. The other 4K channel shows live sports such as NBA, MLB, and Premier League soccer. The Premier League matches look pretty awesome in 4K. The second 4K channel occasionally shows concerts as well besides sports. Believe it or not, there is quite a bit of 4K content now. There are a ton of apps that show nothing but 4K content on Roku/Amazon Fire TV. The stuff is pretty good too. Hundreds of movies in 4K on Vudu and now they've been adding a bunch of Dolby Vision titles. 
    Soli