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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Welcome to globalisation
by koffie on Wed 22nd May 2013 00:12 UTC
koffie
Member since:
2010-05-06

The problem isn't Apple - or any company. Google also does this, but then again, that's not sensational enough. But no, Tim Cook testifies, so now it's all about Apple...

This is about money that is made in Europe or other continents. There is no reason for any company to bring this money to the USA just so they can be taxed on it. This would be stupid, nobody would do that if they needed it. It is a company's obligation to it's shareholders to make a profit, not throw money out of the windows on purpose... Apple and Google both pay taxes on every dollar made in the USA.

HP is far worse in this regards, keeping ALL of their cash offshore in tax-heavens. THAT is dodgy.

And using Ireland as a tax-heaven? Well everybody is doing that. Intel, HP, Google, Cisco, Oracle, ... - you name it. Is it their fault? No. Ireland in particular is a EU problem, where they created a tax-heaven on purpose to attract big companies and create jobs. This is an international trade issue. Fix the system, not the ones using it.

Reply Score: 3

RE: Welcome to globalisation
by dvhh on Wed 22nd May 2013 03:18 in reply to "Welcome to globalisation"
dvhh Member since:
2006-03-20

To be honest Apple is probably targeted because they have bragged so often about their wealth.
Plus having Apple in the headline still bring more attention than HP, Intel, Cisco, Oracle.

Reply Parent Score: 1

RE[2]: Welcome to globalisation
by MOS6510 on Wed 22nd May 2013 05:58 in reply to "RE: Welcome to globalisation"
MOS6510 Member since:
2011-05-12

When did they brag? People keep bringing up their cash reserve, because it's so enormous and they could do a lot of wild things with it, like take overs, so the media would like to know and speculate about these things.

Reply Parent Score: 4

RE: Welcome to globalisation
by unclefester on Wed 22nd May 2013 08:56 in reply to "Welcome to globalisation"
unclefester Member since:
2007-01-13


This is about money that is made in Europe or other continents. There is no reason for any company to bring this money to the USA just so they can be taxed on it.


Completely and utterly false. Apple has ZERO employees in Ireland. Most of the income is actually generated in the USA. The subsidiaries are simply shells designed to minimise tax via transfer pricing.

Ebay is even worse. It pretends to be a Swiss Corporation. In reality it is a purely US corporation that has negligible physical presence in other countries.

Reply Parent Score: 3

RE[2]: Welcome to globalisation
by MOS6510 on Wed 22nd May 2013 14:02 in reply to "RE: Welcome to globalisation"
MOS6510 Member since:
2011-05-12

In The Netherlands we have TV stations called RTL4, RTL5 and RTL7. Hell, maybe even RTL8, I don't know. The L in RTL stands for Luxembourg.

In practice these are 100% Dutch TV stations, based in The Netherlands.

It has to do with our rules for commercial TV.

Reply Parent Score: 2

jared_wilkes Member since:
2011-04-25

You keep saying Apple has zero employees in Ireland. This is complete nonsense. Take your lies somewhere where folks are stupid enough to believe you.

Reply Parent Score: 2