Well managed companies avoid taxes when possible

NY Times:

How Apple Sidesteps Billions in Taxes

Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today’s digital economy.
Only a fool pays more taxes than it is possible to avoid.  What the Apple story suggest to me, is that the US corporate tax rate is too high, so companies keep their foreign earnings outside the US and invest more of them in foreign jurisdictions with a lower tax rate.  If we want them to bring that money to the US, we should dramatically lower the tax rate and encourage investments here.  Unfortunately, we have a President who thinks "fairness" requires higher taxes for job creators.  The country will not get the benefit of investments from these companies with out a change of administration.  Demagoguery from Obama and other Democrats is not going to persuade intelligent business leaders o do something against the interest of their shareholders.


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