Linked by Thom Holwerda on Sun 29th Apr 2012 12:22 UTC
Apple "Apple, the world's most profitable technology company, doesn't design iPhones here. It doesn't run AppleCare customer service from this city. And it doesn't manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states." Sure, this is all legal for companies to do (and Apple obviously isn't alone) but it does show you how much sense of morality companies have. Answer: none. But hey, it's legal, and the law is never wrong, right?
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RE: waaa?
by Almafeta on Sun 29th Apr 2012 13:54 UTC in reply to "waaa?"
Member since:

Having a ridiculously complicated tax codes allows for these issues.

If you consider the US tax code to be 'ridiculously complicated'... oh boy. @_@

The US tax code is one of the simplest out there. And the reason these tax loopholes exist is because of this simplicity: you can't be taxed for money that you don't earn under US jurisdiction.

Fixing this would require the law to either assign an 'intent' to money, or for the law to declare it has jurisdiction over money earned outside the US. Neither would sit well... well, anywhere.

Reply Parent Score: 2

RE[2]: waaa?
by helf on Sun 29th Apr 2012 14:09 in reply to "RE: waaa?"
helf Member since:

Is it really? Lol. All I've ever read/heard states the US tax code is pretty messy and horrible. If its simplistic versus other countries... Thats kinda scary.

Reply Parent Score: 2