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Every US Taxpayer Has Effectively Paid Apple At Least $6 in Recent Years (arstechnica.com)
An anonymous reader shares an ArsTechnica report: Apple has received at least $6 per American taxpayer over the last five years in the form of interest payments on billions' worth of United States Treasury bonds, according to a report by Bloomberg. Citing Apple's regulatory filings and unnamed sources, the business publication found "the Treasury Department paid Apple at least $600 million and possibly much more over the past five years in the form of interest." By taking advantage of a provision in the American tax code, Bloomberg says that Apple has "stashed much of its foreign earnings -- tax-free -- right here in the US, in part by purchasing government bonds." As The Wall Street Journal reported in September, American companies are believed to be holding approximately $2 trillion in cash overseas that is shielded from US taxes. Under American law, companies must pay a 35-percent corporate tax rate on global profits when that money is brought home -- so there is an incentive to keep as much of that money overseas as possible.
Apple deserves a lot more than that!!!
They should invest in the US by building a fucking factory here.
Apple is building a dongle factory in the US.* That should make you happy for an hour or two.
https://thisshouldbethenews.com/2016/11/30/apple-is-building-a-dongle-factory-in-the-united-states/
* Fake news. But, hey, this is Slashdot.