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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Comment by Nelson
by Nelson on Wed 22nd May 2013 00:13 UTC
Nelson
Member since:
2005-11-29

This outrage is misplaced, in my opinion. Apple doesn't legislate laws, and is well within their right to operate within the limits.

We don't work off of the honor system in business, and I think the blame should lie squarely on the legislators who allowed such loopholes to exist.

The Senators and Congressmen who allowed themselves to succumb to the special interests are the real criminals here, because Apple is just an example, out of many, of a widespread and crippling corporate tax loop hole.

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