"We are not proposing that it be zero. I know many of our peers believe that."
So the cash rate for raw profits is 35%. What are the odds that the number he'll propose is much closer to 1% than even 10%?
And when Apple took advantage of the last repatriation holiday that bushy handed out, how many jobs were created in the US? Even if that tax holiday cash was put into the bank and it earns terrible interest, it should pay for hundreds, if not thousands, of jobs for years to come - where are they???
Because, seriously now Mr. Cook, if Apple makes around $30 billion a year in profit without increasing jobs in the US, how is another $2 or $3 billion going to do it?!?! Shareholders can't tolerate any wasteful hiring until you make that magical 30-billion-and-first dollar? If $30,000,000,001 is the natural point at which companies can begin to safely expand or explore new businesses, can you please tell us the economics textbook chapter that's in? Did Adam Smith mention this concept anywhere?
PLEASE! - when will all this ridiculous lying end?!? If we absolve Apple of any tax burden, Apple will not add any jobs at all - that is the fact. No other corporation will, either. It's utterly amazing that this thread still passes as 'reasonable.'
Read the Article at HuffingtonPost
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