Video above published Dec 19, 2016: Roger McNamee, Elevation Partners co-founder, gives his take on Apple's response to the EU's tax ruling, Ireland and the EU, and the future of globalization.
Stock: NASDAQ: AAPL
Americans Are Paying Apple Millions to Shelter Overseas Profits | Bloomberg.com: "Over the years, Apple Inc. has become the poster child for U.S. multinationals accused of sheltering overseas profits to avoid the IRS. What’s gone largely unnoticed is that it’s been paid more than half a billion dollars by the U.S. government to do just that. Taking advantage of an exemption tucked into America’s Byzantine tax code, Apple stashed much of its foreign earnings—tax-free—right here in the U.S., in part by purchasing government bonds, according to people with direct knowledge of the matter. In return, the Treasury Department paid Apple at least $600 million and possibly much more over the past five years in the form of interest, a Bloomberg review of its regulatory filings shows ..."
Do Stocks Have A Big China Problem?
Video above published Dec 19, 2016: Chinese bonds and equities have been sinking recently. Are American markets next? Max Wolff of 55 Capital and Eddy Elfenbein of the Crossing Wall Street blog discuss with Eric Chemi.
|Shanghai Composite Index (source: google.com)|
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