Quote:This story kind of caught my eye and wonder what other people's thoughts are about it. To me it looks like a money-grab from the EU and could very much fall on the taxpayers in this country. This brings up a couple of points. First, our corporate tax rate is too high and forces businesses to move a lot of jobs out of the country. Second, if Apple is forced to pay the money, they can deduct that expense from the corporate taxes paid here in the U.S.


Here are a couple of articles for reference.

<a class="bbc_url" href='http://money.cnn.com/2016/08/30/technology/apple-tax-eu-us-ireland/index.html?iid=hp-stack-dom'>EU hits Apple with $14.6 billion tax bill (CNN Money)</a>

<a class="bbc_url" href='http://finance.yahoo.com/news/us-taxpayers-could-end-covering-000000874.html'>US taxpayers could end up covering Apple's back taxes in Ireland (Yahoo Finance)</a>

Isn't our corporate tax rate so high because our individual earnings taxes are so low? I think every other country does it the other way. Low corporate taxes but higher taxes on earnings.


If I remember correctly Reagan cut the tax rate for top earners from something like 70% to 50 and then again to something like 28 or 29%. To help make up for that shortfall corporate taxes were increased.

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