“I don’t think this is going to pass,” said Kelly Phillips Erb, a tax attorney in the Philadelphia area, who said the proposed tax rate of 19% is unrealistically high.
“We’ve been talking about Apple[‘s tax rates] since Steve Jobs was alive,” yet the U.S. government has been unable to figure out an effective way to tax earnings, said Erb.
“What is actually taxable is so hard to pin down,” she said, noting there are countless intricacies involved with figuring out what earnings need to be taxed and how they will be taxed.
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