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]: It is not obvious...
by BushLin on Wed 22nd May 2013 11:51 UTC in reply to "RE: It is not obvious..."
BushLin
Member since:
2011-01-26

Except it isn't that simple, it's not like Apple have these companies arranged based on their function and simply pay the appropriate tax...

... like most large multinationals they'll fiddle the books so that the part of their company in a tax haven make all the profit even if that profit is generated elsewhere in reality.

They used to simply move the profit to the haven based offices by charging for "services", I'm sure it's more sophisticated now.

Edited 2013-05-22 11:51 UTC

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