Wed, 31 August 2016
This is incredible the U.S. government is outraged at the recent decision by a European court forcing Apple to pay 14.5 billion dollars in back taxes.
Keep in mind; our government has been complaining about companies offshoring money for years. We've even talked on this show about the new tax schemes Republicans are concocting to try and force companies to pay what Washington thinks they owe.
Now you've got a European court who took action and rendered a verdict, and the Treasury Department is outraged. It shows you just how concerned our government is with going after tax avoiders.
And don't misunderstand. I think it's great that Apple pays very little in taxes. I wish every man and woman in America had the resources to fight back against the theft of their wealth. But the government's outrage tells me they care less about "fairness" and more about collecting them money for themselves.
I've also got some great news today about the election. Homeland Security Secretary Jeh Johnson said he's considering declaring the election process "critical infrastructure" and bringing it under the purview of DHS. Does anyone else have a problem with the government being able to take over anything by calling it "critical infrastructure" or "in the national interest?" I know I do.
We'll hit all of that today and maybe even some talk about Trump and Hillary. Listen and share!