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: how is it scummy? (It's not)
by unclefester on Wed 22nd May 2013 09:21 UTC in reply to "how is it scummy? (It's not)"
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Apple created two Irish subsidiaries — today named Apple Operations International and Apple Sales International — and built a glass-encased factory amid the green fields of Cork. The Irish government offered Apple tax breaks in exchange for jobs. Seems like a fair deal to me.

Apple has Z-E-R-O employees in Ireland. So Ireland gets absolutely nothing in return.

The subsidiaries are nothing but shells designed to evade tax. They employ nobody and produce nothing.

The Irish economy until recently was based entirely on EU agricultural subsidies. These subsidies were used by the Irish government to bribe many foreign companies to set up factories and offices. The 'Celtic Tiger' economy was nothing but an illusion.

The GFC ended the subsidies. The foreign companies simply closed their factories and offices and went home because they made no money without massive subsidies.

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