Linked by Thom Holwerda on Sun 29th Apr 2012 12:22 UTC
Apple "Apple, the world's most profitable technology company, doesn't design iPhones here. It doesn't run AppleCare customer service from this city. And it doesn't manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states." Sure, this is all legal for companies to do (and Apple obviously isn't alone) but it does show you how much sense of morality companies have. Answer: none. But hey, it's legal, and the law is never wrong, right?
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secondary tax
by fran on Sun 29th Apr 2012 16:50 UTC
fran
Member since:
2010-08-06

In cases such as these secondary taxing ought to kick in.
This is where the local shareholders is taxed on dividends.

But wait Apple rarely pay dividends. Recently dividends payout where very rare.
All the money sits in accounts somewhere.

Maybe there is something wrong with the profit reserves system then. Maybe if a rich company withhold massive amounts of dividends(billions of dollars) to long a reserve taxation ought to kick in.

Can I as a person earn income and put it in a profit reserve. Never.

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