No, U.S. Taxpayers Won't Pay Apple's $14.5 Billion Irish Tax Bill
4 Pages Posted: 27 Sep 2016
Date Written: September 13, 2016
The White House Press Secretary and many other commentators have stated or implied that Apple will be able to deduct its $14.5 billion Irish tax payments from amounts Apple owes the United States government.
This short article posted on the Forbes website explains in non-technical terms why any such suggestion is misleading at best.
Keywords: Repatriation, Foreign Tax Credit, FTC, Apple, International Tax Reform
JEL Classification: H21, H25, K34, E62
Suggested Citation: Suggested Citation