Tim Cook says Apple won't repatriate money to US unless Trump Wins!

Apple CEO Tim Cook struck back at critics of the iPhone maker's strategy to avoid paying U.S. taxes, telling The Washington Post in a wide ranging interview that the company would not bring that money back from abroad unless there was a "fair rate."

Along with other multinational companies, the tech giant has been subject to criticism over a tax strategy that allows them to shelter profits made abroad from the U.S

Logically, Tim Cook is telling us Donald Trump must become president or Killary needs to change her policy to match Trumps!
Donald Trump has a STATED POLICY plan to reduce corporate taxes whereas Killary has a plan to increase corporate taxes.

https://www.yahoo.com/finance/news/tim-cook-says-apple-wont-183800408.html

 

Good for him. Democrats feel everything of value in the U.S. Ultimately belongs to their government. So money parked offshore that isn't theirs is a problem for some reason.

 

Buy AAPL!

 

Note that AAPL contributes to the corrupt Clinton Foundation, so don't expect Hillary to make
them pay theior fair share of taxes! APPL already is corrupt and above the law just like Killary!

 

The tax revolution is in full swing. Let liberals borrow another $ trillion, for their failed social programs. I grossed $ 156K, paid $ 3K in taxes. That'll only cover the cost of sending one student through the dysfunctional public school system for half a year ... but, that's on a par with students attendance habits anyway ...

 

How did you swing paying $3k in taxes with $156K income? You know that it's usually property taxes that pay for schooling,right?

 

But Hillary says that she will tax the evil rich people more and make jobs here. Won't she raise taxes on Apple like her commercials say?

 

Yes, and sadly there's no real way to cut property taxes. As far as income taxes goes, being self employed is the key. I've actually moved 9 of my employees from payroll to 1099 earners at their request. They earn on avg. $ 55K, and all paid $ 0 last year.

 

I still don't get how you pulled that off,but my hat is off to you.

 

isn't it amazing how one of the worlds biggest liberals, doesn't want to pay taxes either... I don't blame him, apples value would drop significantly, erasing his own wealth as he owns a lot of apple shares as part of his ceo package, it would immensely affect the profits he can reap when exercising the options he's been given... they literally under todays system, if they brought that money back, would have to pay $80 BILLION on the $200 BILLION in cash they have over-seas right now... imagine wiping out that much money as a ceo overnight by simply bringing it "home" when in almost every other country on this planet, there would be NO taxes on ANY of that foreign income because the country in which it was earned, already taxed it once...

but doesn't anyone find it shocking, another major liberal who tells us how to live and act, and when confronted with his own ideology, balks to upholding it on himself?

 

S-corporation. Find a good tax accountant. First 5 years you pay $ 0 if you're "structured" right. Design your expenditure around tax deduction, business expense allowances. I use quick books at this point and only use my accountant to review my returns.

 

What about after 5 years? Thank you for your response.

 

$ 3K on $156 ain't hay brother. I built a freestanding workshop / offices at my residence, wrote off the cost, rent it to my S-corporation, write that off. Wife, kids, employees, part time but paid health, dental, write offs. Company cars and auto insurance too. College employer contributions for the kids, write offs.

 

She'll pose some lazy half-assed dead in the water bill that could never pass and then when it gets defeated her media lapdogs will have ever Democrat voter screaming "see see see Republican obstruction!!!".

Then she'll ignore the matter and go help make her friends rich.

If the increasing wealth gap were an explosion then Hillary's reign will make Obama's look like a firecracker to her nuclear warhead.

Its hillarious to watch these Democrats vote for the Wall Street candidate when they spend the last 8 years crying about "fair share".

Just goes to show you that, for all their mouth foaming rhetoric, they have no convictions of their own and follow only what media is telling them to at the time.

 

Well I think this money that was made overseas and taxes owed their were paid and for some reason the US thinks they have a right to tax it as well. I don't think most countries don't do that.

 

I do NOT think cheating your tax is a plus. It throws the burden on others. personally..I find Apple greedy and not a value to me.

 

Lol...It's called cheating on your taxes.

 

Here are Mrs Clinton's actual tax proposals, for those of you who didn't bother to fact check Mr Cook's assertions.

http://www.taxpolicycenter.org/site...nalysis-of-hillary-clintons-tax-proposals.pdf

I'm not sure what Cook's agenda was by talking about this issue.

Hillary Clinton is almost certainly going to become President at this point, and stands an extremely good chance of having a Democratic Senate, and a shot at a Democratic house.

Mr Trump's tax policies are irrelevant at this point.

 

Following tax law isn't cheating.

 

could you point out in the article where cook says, unless trump wins

 

I would wholeheartedly support a lowering of the corporate tax rate, if that rate was the actual effective rate paid by these companies. 39% is way to high. I'd bring it down to 15-20%, and remove all deductions and the like that would reduce it further.

 

It would take more than just being self-employed to pull that off. I've been self-employed before, and I don't see how that means not paying taxes, unless they are just being paid under the table and aren't reporting their earnings.

 

They've gotten EIN #'s by forming S-corps. It's done online on the IRS.gov website. The S-corps are paid for services, make their deductions, and pay meager salaries to (self) employee. Health ins. co. car & ins. milage, clothing, travel all become deductions.

 

Sounds like made up BS to me. No structure provides for ZERO income tax.

 

if what they is true about their tax liability, then i would imagine they are due for an audit