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[5]: Welcome to globalisation
by JAlexoid on Fri 24th May 2013 17:31 UTC in reply to "RE[4]: Welcome to globalisation"
JAlexoid
Member since:
2009-05-19

Take myself as an example. I could go to the Netherlands and start a contract. I could put all my money into my company back in Lithuania, with a tax rate of 5%. Keep all(most) my money there and pay myself say EUR20k per year, while living in the Netherlands. I would be using the services to the fullest and pay the minimal amount of money to the sate of Netherlands. If I were to do that, I bet you would not like me too much...

However, I would be paying all the taxes I have to. And I would be paying only a fraction(about 15.5% in total) of taxes I would be incurring in the Netherlands.
All legal. All right. Same thing Apple does.

Reply Parent Score: 2