Comments on: Wonder if Apple’s $82.6 billion overseas cash holdings came up in Obama and Tim Cook’s weekend chat?

By: Dave H

Dave H — Thu, 22 Nov 2012 13:19:22 +0000

The current method of doing things is not even justifiable from a fiscal point of view. If that money came back to the USA marked as already taxed it would be spent and distributed in the USA, leading to other taxes being collected because it’s there and moving through the system. It would also generate economic activity, leading to less out-of-work people and therefore more people paying income and sales taxes. The government might miss out on the primary source of tax income from the overseas cash, but they’d gain that back from other avenues.

By: Paul

Paul — Thu, 22 Nov 2012 03:19:20 +0000

Care to show me the video? There is no such video. ALL VIDEOS WERE were confiscated……in gods name….WHY.

By: Voice of Reason

Voice of Reason — Wed, 21 Nov 2012 04:40:54 +0000

We buy goods from other countries and send them our money. Since we buy more than we sell as a country, there is a monumental trade deficit.

Here is a company that has figured out a way to get some of that money back but is hindered from actually bringing it back in our borders because of the government’s insatiable appetite for spending money.

The financial foolishness of our nation is really quite sad.

By: 1Racer

1Racer — Wed, 21 Nov 2012 00:09:31 +0000

You sir are a dumb ass. There is pretty clear video of a plane flying into the side of the Pentagon taking the lives of 125 people.

By: Zeke

Zeke — Tue, 20 Nov 2012 23:58:29 +0000

A special dividend is usually over and above the regular dividend, yes.

By: Predrag

Predrag — Tue, 20 Nov 2012 22:44:00 +0000

Well, you may look at it that way, but an iMac costs $1,300 in America because you can order it from an out-of-state reseller and you’ll pay no retail tax. Even if you buy it from Apple, all you’re paying is the negligible retail tax (which is well below 10% in vast majority of US states). Meanwhile, in UK (indeed, most of EU), that retail tax is close to 20%. In order to be competitive, Apple prices their gear based on the purchasing power of the consumer. If that purchasing power is further eroded by the 19% VAT, the retail price will have to be that much lower in order to attract the buyer. So, while Apple does NOT pay internal revenue authorities monies directly from the sale of each Mac, phone or iPod, they do end up earning less because of the high VAT taxes.

By: Dave H

Dave H — Tue, 20 Nov 2012 20:01:54 +0000

Every other Western economy has agreements in place for companies and individuals to only pay tax on earnings once. All the USA has to do is join the other major industrialised nations and all that money will flood back to North America.

This shouldn’t be a tax holiday, it should be a permanent thing. A one-off payment of hundreds of billions of dollars worth of investment topped up with an annual input of tens of billions would do wonders for the US.

By: IslandLife

IslandLife — Tue, 20 Nov 2012 19:47:42 +0000

…. and they can get a refund on higher corporate taxes paid abroad?

By: Paul

Paul — Tue, 20 Nov 2012 19:42:59 +0000

Bamma: I need your cash because Rummy lost a Trillion dollars….the records of which were conveniently destroyed during 911 when the missile…..er I mean plane (of which we can’t find any engine parts or wing parts) hit the pentagon at the EXACT place where these records were kept.

By: 8^þ

8^þ — Tue, 20 Nov 2012 19:22:30 +0000

I’ll get the beer…

By: abcd

abcd — Tue, 20 Nov 2012 17:44:40 +0000

On top of the $10.60 a year?

By: Quevar

Quevar — Tue, 20 Nov 2012 17:43:36 +0000

…paid in foreign money. Have each shareholder bring the money back.

By: ApplePi

ApplePi — Tue, 20 Nov 2012 17:28:32 +0000

If Apple has paid lower corporate taxes in another country, they should pay the difference to bring the money home.

By: Sharon Sharalike

Sharon Sharalike — Tue, 20 Nov 2012 17:26:42 +0000

It has to be done right. Don’t give a holiday, instead tax it normally while simultaneously providing 100% tax credits for constructive uses of that money.

There’s an enormous amount of money out there between Apple, IBM, Microsoft, McDonald’s, Coca Cola, etc. etc. etc.
That could all make a nice shot in the arm for the economy, and it would essentially be free, as that money is not coming back otherwise. It’s a no-brainer.

By: tbone

tbone — Tue, 20 Nov 2012 17:06:44 +0000

It is not relevant

By: RobertoFM

RobertoFM — Tue, 20 Nov 2012 17:06:03 +0000

Companies don’t pay VAT, that is a consumer tax.

By: Danox

Danox — Tue, 20 Nov 2012 17:02:06 +0000

A tax holiday happen in 2004, what happen after it was granted nothing.

http://www.ips-dc.org/reports/corporations_that_take_tax_holidays_slash_jobs

By: peterblood71

peterblood71 — Tue, 20 Nov 2012 16:55:22 +0000

Not to mention the local taxes or VAT already paid in those respective countries. The government loves taxes upon taxes upon taxes. Gasoline taxes the tax which should be illegal. Ultimately Apple will spend their hoard on things that will end up as yet another tax revenue source for the government. They shoot themselves in the foot be denying this money to be repatriated without a severe tax penalty.

By: Zeke

Zeke — Tue, 20 Nov 2012 16:55:21 +0000

A $30 special dividend would be nice.

By: Apple has NOT paid ...

Apple has NOT paid ... — Tue, 20 Nov 2012 16:45:05 +0000

... US taxes on the money it earned overseas. Why should it? It has, though, paid the taxes in the countries it earned the money in. As it should. Why should the US expect Apple to pay taxes twice? It hardly expects the Top 1% to pay taxes ONCE!

By: MrMcLargeHuge

MrMcLargeHuge — Tue, 20 Nov 2012 16:33:57 +0000

Popcorn time…