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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Not an Apple Fan
by johjeff on Thu 23rd May 2013 05:01 UTC
johjeff
Member since:
2007-11-06

But you gotta appreciate their ingenuity. Apple is obeying the law, as it is currently written, so quit whining. Maybe instead of demonizing companies that provide jobs around the world, we should make it more attractive for them to stay Stateside.

Drop the corporate tax rate, close some of the loopholes, and make it more expensive to send jobs overseas, and cheaper for foreign corporations to bring jobs here. Oh, yeah, and maybe STOP SPENDING SO DAMN MUCH! Politicians are like drunk sailors spending their whole paycheck and running up their credit cards on ale and prostitutes (only a figure of speach, I have the greatest respect for the Navy and all those that protect our freedom).

It is the government that got us in this wretched hole, not corporations, and not rich people. Yet for some reason, everyone wants to give the government even more money to waste and the government wants to keep getting bigger so it can justify taking more.

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