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?
Permalink for comment 516231
To read all comments associated with this story, please click here.
Makes me kind of mad
by jefro on Sun 29th Apr 2012 17:14 UTC
Member since:

The best part was the morality question. Companies (it's managers) do not have any morals. It is clear to me that management thinks they deserve 100x or more the average workers pay. They think they deserve a bonus to loose money. Why would they care about how taxes are avoided. There is a fine line between legal evasion and avoidance. An aggressive company could keep the IRS away for 50 years. In the mean time they could pocket the profits until it was time to settle.

I work and have worked for decades. I have paid my fair share of taxes both local and Federal taxes. I have known about these cheats to the system for a long time. But it sure does burn me up that some companies like GE get by with no taxes.

Even a flat tax wouldn't fix it. The other countries would side step it like Luxembourg.

Even countries like Singapore who harbor drug money have rules to avoid disclosure of monies.

Reply Score: 6