Yep,
Apple is also one our nations largest corporations that hides profits overseas, along with Microsoft, Google and others. Most studies say these have about 2 trillion stockpiled in tax havens, thanks to US loopholes.
Again, they want a tax holiday so they can bring this money back to the US. Last time they stated it would create jobs, but not only were no jobs created, they used the profits to buy more stock and invest overseas. In fact, after the holiday, 1000's were laid off, they invested in building more plants....overseas.
It's shameful that US corporations have so many loopholes that they pay little taxes to the US.
|