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by GreaterFool 3335 days ago
Also, let's not forget that the offshore pile of money has already been taxed in jurisdictions where it was earned. The world is slightly bigger than US. If Apple sells an iPhone in Germany it pays taxes in Germany. It is a bit silly to then send the money home and pay another huge tax on top of it!

Yes, I'm aware that thanks to various tax shenanigans the offshore tax bill might be artificially low. If that was the case though, Apple would've cheated local governments and not the US government.
2 comments
Oletros 3335 days ago
> Also, let's not forget that the offshore pile of money has already been taxed in jurisdictions where it was earned.

No, it hasn't

When Apple (or Google) declare losses in a country like Spain something is very weird

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deepsun 3335 days ago
> If Apple sells an iPhone in Germany it pays taxes in Germany.

Not necessarily. See a comment above about New Zealand.

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GreaterFool 3335 days ago
As I've mentioned in my comment "thanks to various tax shenanigans the offshore tax bill might be artificially low". It would be up to New Zealand to investigate and make sure Apple pays it's due. But I don't see why US needs a slice of that particular pie.
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