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[3]: It is not obvious...
by Yamin on Wed 22nd May 2013 15:54 UTC in reply to "RE[2]: It is not obvious..."
Yamin
Member since:
2006-01-10

Yeah of course... and almost anyone who runs their own business or is a contractor is likely to include 'non-business' expenses as expenses.

Take a friend out for lunch - business expense.
Have a personal cell phone - business expense.
Drive a fancier car - business expense.
Write off a portion of your personal home - business expense.

Sure the government is going to catch you if you go over the top. But in general, that's how people work.

Apple is doing things legally. They are a global company and will park their assets in the best region.
They will 'shop' for the best tax laws. Ireland gets more revenue than if they didn't have the low tax rate in the first place. The US still has lots of jobs created by Apple whose employees pay income tax and the US has investors who invest in Apple who pay capital gains taxes...

Reply Parent Score: 2

RE[4]: It is not obvious...
by BushLin on Wed 22nd May 2013 18:06 in reply to "RE[3]: It is not obvious..."
BushLin Member since:
2011-01-26

Using your example of an individual taking liberties with their business expenses and equating that with what Apple (and many others) are doing would be like working as an employee for a US company but setting up a shell company in the Caymen islands for the salary, pay no income tax, say the transactions and services were delivered abroad and it's all OK because tax was paid on the fuel used to get to work.

Not saying any rules have been broken, just that something needs doing about the rules because it's ordinary citizens who have to fill the shortfall made by companies who could easily afford to pay their way if they chose to stop being so underhand.

Reply Parent Score: 2

RE[4]: It is not obvious...
by JAlexoid on Fri 24th May 2013 07:35 in reply to "RE[3]: It is not obvious..."
JAlexoid Member since:
2009-05-19

Yeah of course... and almost anyone who runs their own business or is a contractor is likely to include 'non-business' expenses as expenses.


I'm sorry, but you are comparing an actual expense(that gets taxed) to hoarding money not to pay tax.

Reply Parent Score: 2