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.
Thread beginning with comment 562306
To view parent comment, click here.
To read all comments associated with this story, please click here.
RE[2]: Welcome to globalisation
by MOS6510 on Wed 22nd May 2013 05:58 UTC in reply to "RE: Welcome to globalisation"
Member since:

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

JAlexoid Member since:

If they try to buy a company, then they have to bring that money back... and get taxed.

Reply Parent Score: 2

MOS6510 Member since:

It depends where that company is located I guess.

But Apple has always paid any taxes they needed to pay, that's not the or their issue. What Apple and many others do is try to pay as less tax as possible.

Apple has offered to help and change the rules, which is cool of them.

I don't think it should be too difficult. The foreign Apple companies are owned and controlled by the US Apple. It should seem it's very easy to state that if this condition is so they pay US tax.

I'm a bit surprised this isn't already so. I live in The Netherlands and if I store money abroad I still get taxed for it here.

Just change the laws. You can't punish companies that break no laws. It's like stop fixing bugs and demand hackers don't exploit them.

Reply Parent Score: 2