|
|
|
|
|
by nodamage
2167 days ago
|
|
I mean, tax rates can change over time. It seems like the goalposts have now been moved from "did they pay US tax?" to "did they pay enough US tax?". You're free to argue that 15% is not a high enough corporate tax rate, but it is factually incorrect to say Apple did not pay US tax on the money they earned overseas. |
|
No, that is decidedly not what we are talking about. The claim was that holding all your money away from the US does not matter because the tax will be paid eventually. As we see, no it wasn't and the tax rate was not lowered because "taxes change over time" but because otherwise companies will just not ever repatriate their money.
It is factually correct to say that apple did not pay the full US tax rate on the money they earned overseas. You are free to argue that this is fine and they at least still paid some, lower tax rate, but this is the whole topic we are talking about. Apple pays very low tax rates and the EU, Ireland and the US are arguing whether this is unfair (state aid) and should change.