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Apple CEO Tim Cook and CFO Peter Oppenheimer Testify In Front of Senate Committee on Tax Strategies [Hearing Over]
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There is no "right side" about what we're talking about (you're thinking about gay rights, which I agree with you on). Both sides spend too much money, promise people too much, and now have to pay for things.
"I know! Let's target the big bad Apple because they have money we can take!"
And the founding fathers would be cool with billion dollar companies moving all their jobs and profits overseas to avoid paying taxes at home to help keep their own country prosperous and employed?
Naturally the Apple sycophants are attacking Levin already, just on principle. But Carl Levin while I sometimes disagree with him has been a sincere advocate for the interests of the American people for many years, and deserves to have his questions answered.
Incorporating in a country that only taxes you if you operate there, while operating in a country that only taxes you if you incorporate there, is the kind of tax loophole that fiscal conservatives (the real kind, not the tea-bag kind) have railed against for decades. Any multinational corporation should have to justify that, regardless of whether they make cool gadgets that we love.
Incorporating in a country that only taxes you if you operate there, while operating in a country that only taxes you if you incorporate there, is the kind of tax loophole that fiscal conservatives (the real kind, not the tea-bag kind) have railed against for decades. Any multinational corporation should have to justify that, regardless of whether they make cool gadgets that we love.
They also didn't expect unions to overstay their welcome, forcing jobs overseas.
I'm sorry, if I can do the work for less overseas, you're darn right I will do it.
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"Remember now, Tim: You're under oath."
I don't disagree with you, however, this is a waste of time that will, ultimately, do nothing.
These lawmakers should be focusing on fixing the law, not vilifying people and or companies from taking advantage of the laws that they put in place.
Also, think about the level of hypocrisy here. All these politicians do is spend, spend, spend. How about cleaning up your own house, first? How about not enacting laws that are "for the good of every American*" that they exempt themselves from?
Apple is a little fish in the problems facing this country.
Prioritize.
As I have quoted before, and likely will again, Walt Disney once said, "The way to get started is to stop talking and start doing."
While I appreciate the constant mentioning of the "loopholes need to be fixed" it is hard to consider that this hearing is anything but posturing by the government. If they truly meant this, why only Apple here? Why haven't they called all of these huge companies in to discuss this matter? Where are the companies that are large contributors to their political parties and power?
Because companies such as GE and GM are in bed with the government, so we don't need to round them up for questioning.
I have a dream of a world in which people who disagree can have an intelligent discussion instead of just calling each other "dirty" or referencing sexual acts.
EDIT: Or slurring religions. Why is it that politics turns people into the worst versions of themselves?
EDIT: Or slurring religions. Why is it that politics turns people into the worst versions of themselves?
Go on Mr. Paul. Haven't we seen him before? A level headed politician, just what we need nowadays. 