Quote:I'm not getting where the "illegal agreements" part fits.  It's my understanding that Apple has paid the corporate rate in Ireland.

 

 

Regarding the first part in bold, that's exactly what a lower corporate tax rate does.  Create jobs.

 

As far as the second part in bold, eventually it will affect U.S. tax payers since it will end up being less tax revenue coming in.  Every dollar that Apple pays in taxes to a foreign country can be deducted from their U.S. tax bill.

 

 

I'm assuming by "they" you are talking about Apple as well as many other companies.

 

I dont see how that is possible since Apple doesn't report income made in Ireland to the US.

 

This article is very informative as to the corporate tax structure:  http://europa.eu/rapid/press-release_IP-16-2923_en.htm

 

Here's the deal... Apple owns a separate entity in Ireland (Apple Sales International) that has sales in Europe.  This income is not taxed in the US in the first place.  There would be no foreign income credit... so I am disagreeing with the premise that this will fall back on American taxpayers.  The income wasn't going to be taxed here anyway.  See what I mean?  

 

And about the corporate tax rate...  What do you suggest we do?  How do you beat Ireland's tax deal?  That would require our government also making exclusive deals with certain corps like Apple.

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