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[4]: It is not obvious...
by BushLin on Wed 22nd May 2013 18:06 UTC in reply to "RE[3]: It is not obvious..."
BushLin
Member since:
2011-01-26

Using your example of an individual taking liberties with their business expenses and equating that with what Apple (and many others) are doing would be like working as an employee for a US company but setting up a shell company in the Caymen islands for the salary, pay no income tax, say the transactions and services were delivered abroad and it's all OK because tax was paid on the fuel used to get to work.

Not saying any rules have been broken, just that something needs doing about the rules because it's ordinary citizens who have to fill the shortfall made by companies who could easily afford to pay their way if they chose to stop being so underhand.

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