Reply to post: Re: I'm pretty sure

Cooky crumbles: Apple mulls yanking profits out of Europe and into US


Re: I'm pretty sure

Sorry, but have to correct you there from an "international" perspective; I don't know about companies, but there are indeed countries where people are taxed on "money in the bank", or more broadly, just having capital like savings, or property (e.g. house). This then isn't "new" money (aka income), but just money that is sitting there year after year, and the tax office is taking a piece of every year...

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2019