Transcripts for CNN Your Money 20130615 18:15:00 : vimarsana

CNN Your Money June 15, 2013 18:15:00

that income when you bring it back, you may pay some tax on some portion of that but a lot will come back without any additional domestic tax. that's what the rest of the world does. then, the rest of the world has a variety of different ways of trying to handle the fact that there is some money abroad that is shifting from one location to another, not because of real economic activity but because of tax haven low tax debts. countries have said, we can figure out a way to handle this movement of income. when money comes back from our companies, we'll subject it to some tax but nothing like the tax grade that apple would confront if it brought its income back to the united states. so we have a system now where essentially there is a very strong incentive for a company that's selling abroad, competing abroad, earning income abroad,

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