by No not so fast there buddy. .. According to MMT the US government is “borrowing money!” from the tax exempt foreign divisions of these multinationals…It’s not just transferring retained earnings into foreign UST accounts at the Fed as part of a scheme to reduce overall corporate tax liabilities… that’s not what is happening..I wonder how many people know these “buybacks” are mostly unpaid taxes distributed to investors in US 🤔In the case of $AAPL profits are kept offshore in 0% tax countries like Ireland, then $AAPL issues bonds in #US to finance these buybacks and when the bonds mature they use… https://t.co/HKwjqY8PYx— JustDario 🏊♂️ (@DarioCpx) May 3, 2024
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No not so fast there buddy. .. According to MMT the US government is “borrowing money!” from the tax exempt foreign divisions of these multinationals…
It’s not just transferring retained earnings into foreign UST accounts at the Fed as part of a scheme to reduce overall corporate tax liabilities… that’s not what is happening..
I wonder how many people know these “buybacks” are mostly unpaid taxes distributed to investors in US 🤔
In the case of $AAPL profits are kept offshore in 0% tax countries like Ireland, then $AAPL issues bonds in #US to finance these buybacks and when the bonds mature they use… https://t.co/HKwjqY8PYx
— JustDario 🏊♂️ (@DarioCpx) May 3, 2024