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 MOS6510
by Soulbender on Wed 22nd May 2013 08:06 UTC in reply to "Comment by MOS6510"
Soulbender
Member since:
2005-08-18

I don't think it's scummy to read the law and figure out how to optimize your business without breaking the law.


Actually, that's exactly what scummy is: finding loopholes to avoid doing what's required of you.
It's like saying it's not scummy for a restaurant owner to find loopholes in the sanitary regulations so that he could "legally" serve food unfit for human consumption.

That said, I agree with Nelson that the anger would be better focuses on those that fail to create the proper laws and regulations in the first place, especially since they quite often fail due to lobby pressure.,

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