By Phil Karter Senator Carl Levin (D-Mich.) may have tried to take a bite out of Apple (AAPL) in congressional hearings last May examining the company’s overseas tax structure, calling it “the holy grail of tax avoidance." However, it appears that more than just Irish eyes are smiling on the company these days, for in … Continue reading Apple’s Double Irish With A Dutch Sandwich Goes Down Easy with SEC
By Jonathan Prokup Fox Business invited me to appear yesterday on “After The Bell” with Liz Claman and David Asman to discuss (i) the IRS reopening the disclosure initiative for offshore bank accounts and (ii) the ongoing debate about whether Congress should implement a corporate repatriation holiday. A link to the video is below the … Continue reading Fox Business Interview: OVDI, FBARs, And The Economic Benefits Of A Repatriation Holiday
By Jonathan Prokup Our in-house and private-practice corporate readers will likely enjoy one of the Tax Foundation's newest reports: Rethinking U.S. Taxation of Overseas Operations. As the abstract describes: The United States produces a third of the world's wealth but contains less than 5 percent of the world's population. This disparity pushes many U.S. businesses … Continue reading Tax Foundation: Rethinking U.S. Taxation of Overseas Operations
By David L. Bernard TaxBlawg’s Guest Commentator, David L. Bernard, is the recently retired Vice President of Taxes for Kimberly-Clark Corporation, a past president of the Tax Executives Institute, and a periodic contributor to TaxBlawg. My recent post titled The Repatriation Dilemma: Cash may be King, but is Earnings Per Share the Ace of Trump? … Continue reading The Repatriation Dilemma Revisited
By Jonathan Prokup A little over a month ago, our guest commentator, Dave Bernard, pointed out that a significant number of multinational companies have built up large stockpiles of cash in low-tax jurisdictions around the world. While these stockpiles had been noticed by various journalists, Dave explained that the persistence of these stockpiles could largely … Continue reading Past Is Prologue: Is Another Repatriation Holiday On The Way?
By David L. Bernard TaxBlawg’s Guest Commentator, David L. Bernard, is the recently retired Vice President of Taxes for Kimberly-Clark Corporation, a past president of the Tax Executives Institute, and a periodic contributor to TaxBlawg. The financial press can’t stop talking about the amount of cash on corporate balance sheets. Journalists and arm-chair analysts alike … Continue reading The Repatriation Dilemma: Cash May Be King, But Is Earnings Per Share Trump?