• ms.lane@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      ·
      1 day ago

      Often not, no - it’s a big problem that these huge multinationals have is repatriating their foreign cash.

      Apple used to have somewhere around 5x more cash in Ireland than they did in USA, because taxes.

      • GregorGizeh@lemmy.zip
        link
        fedilink
        English
        arrow-up
        2
        ·
        23 hours ago

        Interesting, I hadn’t thought of that.

        Although I would argue that such “unrealized” profits would still count as being given overseas, since the money is not available to the european economy any more, no?

        They just keep it parked in some kind of inflation proof financial construct until needed (at which point they might have to pay taxes on however much of it they need to withdraw, but still).

        • ms.lane@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          ·
          23 hours ago

          They just keep it parked in some kind of inflation proof financial construct until needed

          Sometimes, othertimes they use it to just buy out european/australian/japanese/etc entities - since it’s hard to repatriate, they can use that as a sort of justification where some shareholders (Hedge Funds that want dividends now) might object.