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[2]: Comment by MOS6510
by MOS6510 on Wed 22nd May 2013 08:15 UTC in reply to "RE: Comment by MOS6510"
MOS6510
Member since:
2011-05-12

It's not scummy.

Let's say you need a car for the period of one year. Your dad gives you $100000, but if you buy a car you need to pay him $50000 back for which you get nothing.

So you rend a car, which turns out to be a little more expensive than buying one, but you don't need to pay the $50000 back so in the end it's much cheaper and you don't break the rules.

Does that make you a scumbag? I'd say it makes you a smart person.

If people and companies follow the rules you can't blame them if they figure out how to make it work best for them. If we don't like it we should change the rules.

In basketball players started to block the ball on its way down. It wasn't scummy, it was within the rules. But people didn't like it, so they changed the rules and it isn't allowed anymore.

What is happing now is that the US sees Apple's large cash pile and they want Apple to hand it over without them giving anything in return.

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