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Right, but isn't most of Apple's cash hoard held outside of the US's tax jurisdiction, under much more favorable tax regimes? Seems like that might be an argument for a 0% tax; at least if the US didn't tax corporate profits, more of that money might be kept in the US. It's not guaranteed that it would be spent (thus injecting money into the US economy), but at least it would be possible for that to happen.


I don't think there's any benefit from keeping cash abroad for us corps, that was removed with trump's tax changes.

(And even before it was delayed taxation, not tax free)


I believe the Trump tax cuts only provided a temporary benefit for repatriation of foreign earnings.


There was a one time repatriation mechanism, but it also removed the deferred taxation of foreign earnings.

https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-compari...




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