tag:blogger.com,1999:blog-6318055043707993918.post7744740665931794316..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: DON'T BLAME APPLE!Robert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6318055043707993918.post-51110248994041332152013-06-01T00:09:37.930-04:002013-06-01T00:09:37.930-04:00What was most remarkable about the senate hearing ...What was most remarkable about the senate hearing was how they were asking questions addressed to Tim Cook. On what he thought was fair and how to change the tax code. I'm sorry he missed his chance to tell them they should be asking congress these questions. <br />The tax issue for Apple surrounds repatriation of earning that were made overseas. Why does the senate think the US has dibs on earnings on sales overseas on products made overseas? And why bring that cash back to the US to be taxed at 35%? <br /><br />The elephant in the room - Why doesn't congress change the code. Either a lower repatriation tax, or a zero-tax offer to bring money back to (a) distribute in dividends or (b) to use to build factories that will create jobs. Anonymousnoreply@blogger.com