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]: Welcome to globalisation
by MOS6510 on Fri 24th May 2013 07:45 UTC in reply to "RE[3]: Welcome to globalisation"
MOS6510
Member since:
2011-05-12

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

JAlexoid Member since:
2009-05-19

Take myself as an example. I could go to the Netherlands and start a contract. I could put all my money into my company back in Lithuania, with a tax rate of 5%. Keep all(most) my money there and pay myself say EUR20k per year, while living in the Netherlands. I would be using the services to the fullest and pay the minimal amount of money to the sate of Netherlands. If I were to do that, I bet you would not like me too much...

However, I would be paying all the taxes I have to. And I would be paying only a fraction(about 15.5% in total) of taxes I would be incurring in the Netherlands.
All legal. All right. Same thing Apple does.

Reply Parent Score: 2

MOS6510 Member since:
2011-05-12

I would have no problem with that. If you told that story in a Dutch bar you'd probably become very populair.

We miss/lose a LOT more money to illegal practices.

Reply Parent Score: 2