Re: 15.5 percent and Apple Incentive
Why would you bring it back and get taxed 15.5 percent?
Because it is running out of options to be taxed less. There is only a handful of non-tax heaven countries with rates under 15. In the Eu it is just Bulgaria and Hungary.
Combined PR + political move too. Tim Cook is a very political animal. He has just bought the service of Uncle Sam's diplomatic attack dogs without actually paying more than he should have paid to start off with in Ireland. While before, US authorities were helping other countries trace what Apple is doing (Eu investigation started as a result of reading the notes from questioning Tim by Congress). Now, not so much.