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 562307
To read all comments associated with this story, please click here.
Comment by MOS6510
by MOS6510 on Wed 22nd May 2013 06:02 UTC
MOS6510
Member since:
2011-05-12

Apple delivers the US government more money in taxes than any other company. They didn't break any laws and aren't accused of such, yet they have to appear before a commission.

There are laws and rules and I don't think it's scummy to read the law and figure out how to optimize your business without breaking the law.

If the laws are changed, companies change there routines.

Sure Apple, can move all their money to the US and lose a large portion of if and get nothing in return.

Reply Score: 0

RE: Comment by MOS6510
by Soulbender on Wed 22nd May 2013 08:06 in reply to "Comment by MOS6510"
Soulbender Member since:
2005-08-18

I don't think it's scummy to read the law and figure out how to optimize your business without breaking the law.


Actually, that's exactly what scummy is: finding loopholes to avoid doing what's required of you.
It's like saying it's not scummy for a restaurant owner to find loopholes in the sanitary regulations so that he could "legally" serve food unfit for human consumption.

That said, I agree with Nelson that the anger would be better focuses on those that fail to create the proper laws and regulations in the first place, especially since they quite often fail due to lobby pressure.,

Reply Parent Score: 2

RE[2]: Comment by MOS6510
by MOS6510 on Wed 22nd May 2013 08:15 in reply to "RE: Comment by MOS6510"
MOS6510 Member since:
2011-05-12

It's not scummy.

Let's say you need a car for the period of one year. Your dad gives you $100000, but if you buy a car you need to pay him $50000 back for which you get nothing.

So you rend a car, which turns out to be a little more expensive than buying one, but you don't need to pay the $50000 back so in the end it's much cheaper and you don't break the rules.

Does that make you a scumbag? I'd say it makes you a smart person.

If people and companies follow the rules you can't blame them if they figure out how to make it work best for them. If we don't like it we should change the rules.

In basketball players started to block the ball on its way down. It wasn't scummy, it was within the rules. But people didn't like it, so they changed the rules and it isn't allowed anymore.

What is happing now is that the US sees Apple's large cash pile and they want Apple to hand it over without them giving anything in return.

Reply Parent Score: 1

RE[2]: Comment by MOS6510
by bile on Wed 22nd May 2013 11:46 in reply to "RE: Comment by MOS6510"
bile Member since:
2005-07-08

It's like saying it's not scummy for a restaurant owner to find loopholes in the sanitary regulations so that he could "legally" serve food unfit for human consumption.


Providing a shoddy service and the payment of taxes are entirely different things. Taxes are confiscations of wealth. In other circles... it's called theft. Courts in the USA have ruled that taxed entitites have no obligations outside what is in the law. There is no "moral" obligation to pay taxes. There is only a legal statute.

Reply Parent Score: 3

RE: Comment by MOS6510
by tylerdurden on Wed 22nd May 2013 19:37 in reply to "Comment by MOS6510"
tylerdurden Member since:
2009-03-17

No, Exxon paid more taxes than Apple did last year. In fact, apple ended up with an effective tax rate over 40% lower than most American energy giants. So congratulations Apple on out-scumming some of the scummiest corporations on earth...

Edited 2013-05-22 19:38 UTC

Reply Parent Score: 2