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


I believe one other consequence of this is that Apple and other US companies will be given an incentive to pay taxes on revenue generated overseas as they will no longer be expected to pay US taxes on that taxed overseas revenue. So in the future Apple will probably declare more taxes in places like Ireland, and as they will get a credit on what the EU claimed that they owed Ireland they may go ahead and pay it as it at 12.5% represents less than what they'd have had to to the US on the same revenue and that revenue would no longer be liable for US taxes.

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