the US levels of taxation are higher than the vast majority of other countries. it even goes further in taxing profits made overseas than other countries.
how can we honestly hold that against these companies?
how can we honestly hold that against these companies?
If these laws were changed to make a flat 20% tax with no deductions, it would be revenue neutral or even slightly positive, but then the companies would all complain about the loss of deductions.
Apple pays nearly 40% in the US combined with state corporate income taxes. On foreign earnings it pays about 10% to foreign governments. Combined it works out to 23%, but when the repatriated earnings are taxed it will shoot up.
https://www.apple.com/newsroom/2017/11/the-facts-about-apple...