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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RE: Comment by Nelson
by Valhalla on Wed 22nd May 2013 00:54 UTC in reply to "Comment by Nelson"
Valhalla
Member since:
2006-01-24

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

The outrage is not misplaced, but simply too narrow.

Not only are companies using these tax evasion schemes, they are of course the driving force behind their existance, through years of lobbying (bribing) of politicians.

Same said politicians are now paying lip service to their voters, trying to make it look like they are going to do something about this, which is pure bullshit.

Only way to stop these schemes is to make them illegal, but that will of course never happen.

Instead we are treated to these dog and pony shows, where politicians who are recieving tons of funding from these companies suddenly puts on a stern face and act as if they are crossed with their corporate masters, all in the interest of trying to make the general public feel as if something is being done.

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