Linked by Thom Holwerda on Tue 21st May 2013 21:45 UTC
Legal "There's a disconnect between how Apple CEO Tim Cook sees his company's tax strategies and how some members of the US Senate view it. That became clearer than ever today after Cook and two other Apple executives testified before Congress, explaining why they're holding most of their international income in Irish subsidiaries like Apple Operations International, which declare no tax residency anywhere in the world. AOI hasn't filed a tax return anywhere in the world for the last five years, yet it earned $30 billion in income from 2009 to 2012, according to a Senate report released yesterday." Just because something is legal, doesn't mean it's just. Apple, Google, Microsoft, and many more - these companies might not be breaking any laws, but it's obvious to anyone that what they are doing is scummy.
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Welcome to globalisation
by koffie on Wed 22nd May 2013 00:12 UTC
koffie
Member since:
2010-05-06

The problem isn't Apple - or any company. Google also does this, but then again, that's not sensational enough. But no, Tim Cook testifies, so now it's all about Apple...

This is about money that is made in Europe or other continents. There is no reason for any company to bring this money to the USA just so they can be taxed on it. This would be stupid, nobody would do that if they needed it. It is a company's obligation to it's shareholders to make a profit, not throw money out of the windows on purpose... Apple and Google both pay taxes on every dollar made in the USA.

HP is far worse in this regards, keeping ALL of their cash offshore in tax-heavens. THAT is dodgy.

And using Ireland as a tax-heaven? Well everybody is doing that. Intel, HP, Google, Cisco, Oracle, ... - you name it. Is it their fault? No. Ireland in particular is a EU problem, where they created a tax-heaven on purpose to attract big companies and create jobs. This is an international trade issue. Fix the system, not the ones using it.

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