Reply to post: Re: Not surprized

Make Apple, er, America Great Again: iGiant to bring home profits, pay $38bn in repatriation tax

Chris Miller

Re: Not surprized

International agreements on corporate taxation are (a) profits are taxed, not revenues (there's a good reason for this, if you think about it); and (b) they are due where the profits are made. It's difficult to argue other than the vast bulk of Apple's profits are generated in Cupertino. The US anomaly is that taxes are paid only when the monies are repatriated; and having an unusually high (by international standards) rate of corporate tax. Trump has fixed the latter issue, with the predictable results we now see.

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