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[4]: Comment by MOS6510
by MOS6510 on Wed 22nd May 2013 10:20 UTC in reply to "RE[3]: Comment by MOS6510"
MOS6510
Member since:
2011-05-12

It seems Apple doesn't need anything from the US government.

But never mind that. Sure they probably lobbied, like many others, but if they promised to spend more in the US and didn't then maybe the US shouldn't believe their pretty blue eyes.

If they have any laws favoring companies like Apple just change the laws. Isn't that what governments do to govern?

Apple is an US company and those foreign Apple companies looking after the cash are owned and controlled by the US Apple. To me it doesn't seem that difficult to make laws and rules that are fair and logical to benefit from the money Apple makes overseas.

It's not just Apple, they just have a large amount of money, almost every large company does it. Our royal family does it. Even common people store cash abroad to avoid tax or get higher interest. I skip our local village economy if I can get a better deal in the city or on-line.

If you don't like the system fix the system, don't punish the players that follow the rules of the broken system.

Reply Parent Score: 2

RE[5]: Comment by MOS6510
by Drumhellar on Wed 22nd May 2013 23:07 in reply to "RE[4]: Comment by MOS6510"
Drumhellar Member since:
2005-07-12

Seeing as how Apple (And others, to be sure) are the ones working hard to keep the system broken, why not try to find ways to extract punishment?

Reply Parent Score: 2

RE[6]: Comment by MOS6510
by MOS6510 on Thu 23rd May 2013 02:23 in reply to "RE[5]: Comment by MOS6510"
MOS6510 Member since:
2011-05-12

Punishing them for not breaking any rules?

That's a rather dangerous president.

Reply Parent Score: 2