Reply to post: Re: largest taxpayer in the world

Apple agrees to pay £136m in back idiot taxes to UK taxman

DougS Silver badge

Re: largest taxpayer in the world

Thousands of US companies have been leaving money overseas to avoid (technically delay since the tax was owed but not due until the money came back to the US) paying tax in the US on foreign earnings, which was perfectly legal to do. I assume you want the same 90% rate for Google, Microsoft, Facebook, GE, Gilead and all the other companies with tens or hundreds of billions parked overseas just like Apple?

The new tax law has a 0% rate for overseas income earned after Jan. 1 this year, which sounds like a giveaway until you realize that just makes the US corporate tax system work like that of every other country in the world.

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