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Originally Posted by Guest
"I guess"? Thanks for admitting it.
They can defer taxation, but they still have to declare yearly and they are going to be taxed on those declared yearly earnings eventually.
My company did not do business in other countries, and I have not taken the time to read up on it, so I can't say I understand the provision deferment in the tax code. I can only assume the intent was to allow the other country's taxation to take place prior to the balance being paid to the US?
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"I guess" is because Apple IS doing it...they have $285 billion that hasn't been taxed.
You ARE right in what the "law" says...I had assumed that it applies to ONLY individuals...but a LOT of people are interpreting it...or APPLYING it differently.
Thanks for keeping me honest. Better to find out...then go on wrong.
We were both right. And wrong. Every entity gets taxed...but for some...it's not until it's brought back home.