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.
Permalink for comment 562356
To read all comments associated with this story, please click here.
RE[2]: Comment by MOS6510
by bile on Wed 22nd May 2013 11:46 UTC in reply to "RE: Comment by MOS6510"
Member since:

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.

Providing a shoddy service and the payment of taxes are entirely different things. Taxes are confiscations of wealth. In other circles... it's called theft. Courts in the USA have ruled that taxed entitites have no obligations outside what is in the law. There is no "moral" obligation to pay taxes. There is only a legal statute.

Reply Parent Score: 3