Apple, others lobby for tax holiday

The funny thing is that these companies have already gotten a full tax credit on any taxes that they paid to the foreign country where their cash currently resides. So by bringing it "home" they'll twice get out of paying taxes to America.

These companies should be patriotic for once and bring all their money here NOW and pay full taxes on it.

But what was I thinking? When American companies were given the choice to love America or leave it, they left it long ago.

This is BS these guys make huge sums of money by shipping jobs off-shore then want the American taxpayer to give them a break, byteme.

We should start taxing any company that has more than 50% workforce off-shore as a foreign company. Economic security is National Security.

This is an absolutely sickening idea. Sooner or later the United States will become insolvent if it does not get its house in order, and giving tax breaks to those who don't need them certainly isn't going to help things.

This kind of stuff makes my head hurt, but I'll contribute this to to the discussion: the companies, Apple included, are doing what their shareholders want them to do. Get a supermajority of shareholders to say that this isn't how they expect the company to act, and the issue goes away. Good luck with that, since priority number uno for the majority of shareholders is a return on investment, and most of them are unconcerned about details like patriotism.

I'd like to propose a tax holiday where all taxes would drop to 0% indefinitely.

Boy, I wish I had a one year Tax Holiday.
At my ~31% rate, that would translate to about $45,000, in extra take home pay.

I tell, it's great argument for EVERYONE pays a flat 10%, and no one gets out of it.

Not the rich, not the poor, not the single or the married. Not the corporations, or the companies or the non-profits. NO ONE is immune to the flat 10%.

What would all those tax lawyers do, though?

It's so kind of Apple to sacrifice its self-interest for the sake of stimulating the economy! And I think we all agree with Apple that taking a 30% cut is criminally high.

Companies like these are sitting on mountains of cash, and yet they are not investing it now! The problem is not that we don't have enough cash, the problem is that people aren't spending because they are uncertain of a return. People want to invest in a sure thing.

Apple has a huge amount of cash, but is investing in R&D to create innovative products people actually want to buy.

This is an end run around tax law. We have a budget deficit and these guys just want to have their money for free without contributing their fair share.

Apple has more than enough money in American Banks .. once they spend that, come and ask again.

I love when rich people fight to become richer and want to disguise this as a partriotic act ... you know what would be patriotic .. paying those $350B in tax and help fixing some things in your country (not Apple alone but all of you rich companies).

T.