Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Mar 22, 2017 2:40:06 GMT -8
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Mar 22, 2017 5:54:38 GMT -8
AAPL moves against the grain. Nice.
|
|
|
Post by carbonate24 on Mar 22, 2017 5:56:43 GMT -8
Nice reversal at the open from what was looking like a rough start based on the pre-market action. Hopefully the next push towards the pre-split $1000 mark can overcome the resistance.
|
|
|
Post by rickag on Mar 22, 2017 8:22:36 GMT -8
I especially like the Macalope's quote "Call the Macalope crazy, but when you’re arguing that the very thing that has fueled Apple’s success is bad news for Apple, he thinks you might want to reconsider your argument."
|
|
|
Post by dreamRaj on Mar 22, 2017 12:00:47 GMT -8
Kudos to JD for having boughtTFD yesterday. I was going to do that today if we fell again. But I prefer this outcome.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Mar 22, 2017 13:36:38 GMT -8
The week got away from me. I'll be traveling for the rest of the week. Would appreciate if someone would start the thread in my absence.
|
|
|
Post by rickag on Mar 22, 2017 15:38:11 GMT -8
The week got away from me. I'll be traveling for the rest of the week. Would appreciate if someone would start the thread in my absence. Have fun on your travels I'm sure someone will start the thread.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Mar 22, 2017 16:03:51 GMT -8
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,185
|
Post by JDSoCal on Mar 22, 2017 16:40:13 GMT -8
|
|
|
Post by deasys on Mar 22, 2017 19:19:22 GMT -8
Whoa…$100,000!?
|
|
|
Post by Apple II+ on Mar 22, 2017 20:33:14 GMT -8
***Thanks for the link, PikesPique. Call me crazy but I don't see the logic in concluding that a failure of the move to repeal and replace Obamacare would indicate to a sane person that tax reform would also necessarily fail. Two completely different agendas. Different, yes, but not so cleanly separate. Repealing the Obamacare tax on investment income falls into the repeal and replace bucket but also in the tax reform bucket.
|
|
|
Post by Luckychoices on Mar 22, 2017 21:39:50 GMT -8
***Thanks for the link, PikesPique. Call me crazy but I don't see the logic in concluding that a failure of the move to repeal and replace Obamacare would indicate to a sane person that tax reform would also necessarily fail. Two completely different agendas. Different, yes, but not so cleanly separate. Repealing the Obamacare tax on investment income falls into the repeal and replace bucket but also in the tax reform bucket. My point was that if the repeal and replace vote failed, tax reform could still take place. Certainly no one could legitimatly argue that tax reform wouldn't be needed if it were not for the existence of Obamacare. Note that Tim Cook didn't talk about repatriation occurring only if repeal and replace was successful. Apple may finally be bringing some of its enormous offshore cash pile back home.Just days after the EU hit Apple with a $14.6 billion tax bill, CEO Tim Cook said he expects to transfer billions of dollars in profit to the United States next year. "We provisioned several billion dollars for the U.S. for payment for as soon as we repatriate it, and right now I would forecast that repatriation to occur next year," Cook said in an interview with Irish broadcaster RTE news. U.S. companies are supposed to pay federal taxes on their global profits, but the tax on money made overseas is only due when it's brought back to the U.S.
Cook said last year that he would "love to" repatriate Apple's foreign profits but that he can't because "it would cost me 40%." That refers to the combined U.S. federal and state tax rate Apple would likely owe. Oxfam America estimated in April that Apple (AAPL, Tech30) was holding $181 billion offshore, and that the company's effective tax rate was 25.9% between 2008 and 2014. Apple says it paid $400 million in taxes in Ireland in 2014, and another $400 million to the U.S. "In 2014, our worldwide income tax rate was 26.1%...I personally think that's a reasonable level," Cook told RTE.
|
|