Slashdot poses that question to it’s readers. Neckbearded Tree-huggery fun follows.
Ars Technica – Apple proves once again that taxes like rules are for the little people.
Which brings us directly to the third point: Much of Apple’s $145 billion in cash and investments come from sales outside the US and it’s locked down in bank accounts on foreign shores. Simply closing those bulging Swiss, Irish, and Cayman bank accounts would make Apple’s cash subject to so-called repatriation taxes. As much as one-third of that cache would go to Uncle Sam. The company only has about $45 billion in dollar-denominated All-American cash on hand to power that generous dividend and buyback program.
So to recap Apple’s position as a company which overwhelmingly supported President Obama and the Democrats – Taxes on upper middle class and lower upper class families and small to medium businesses – good. Taxes on mega-wealthy corporations and their overseas earnings – bad.
That’s really all I have today, sorry.