Carl Icahn Is Concerned About Apple's Cash Flow Outside the US

The major investor believes that appropriate reforms should be brought about in the economy that would help companies like Apple to bring more money into the country without the fear of being loaded with tax payments

One of the biggest stake holders in Apple Inc, Carl Icahn, has been showing many signs lately that depict his dissatisfaction in the way things are being run at tech company. Icahn has relatively been one of those shareholders in the industry which have emerged to be quite influential over the period of time. In a recent press release, he discussed his plans of how he wishes to bring about changes in the economy of the United States.

In a letter addressed to the stock and financial market at large, he pointed out that he will be looking towards initiating a super PAC in order to create a reform in way taxes are collected in the corporate world. The giant investor also talked about inversions that have lately been taking place in the country, when a company in the industry moves to another country where it establishes its head quarter so that it can pay fewer taxes that it is paying in the US. During a show at CNBC, Icahn also discussed how changes can be brought about to that once relevant changes are made in the actual laws in the congress.

Icahn also informed the industry about how the corporate taxes are so high that majority of the companies are seen moving out of the country in order to avoid them, which is something that will bring a negative impact on the stock market if things are not handled correctly. The investor has a major stake in Apple stock as well and he has pointed out that the iPhone makers are making over $100 billion from outside the country, and he believes that all of that money could be brought to the US if the government reforms its techniques in the right manner.

According to the release, it was also seen that Icahn talked about the disasters that the government could be bringing itself towards, given how it not giving the problem of cash flow of US companies outside the country a lot of attention. If Icahn’s proposals are considered in the right manner, there US economy might save itself from turning out to be in a mess in the future.

Analysts believe that shareholders like Carl Icahn expressing his concerns over the problem shows that this problem might actually be quite a big one to deal with and that it might have the capability of bringing a fall in the economy in the near future.