I have dual citizenship and live in the country with higher taxes, so I guess I do.
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Apple Gets Tax Break Approval for Arizona Sapphire Glass Facility
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I have dual citizenship and live in the country with higher taxes, so I guess I do.
This is great news for everyone. Decisions like this enable Apple to continue driving their innovation at home, and helps them reward hard-working Americans with some of the best career opportunities in America. Apple deserves as much assistance as possible to continue leading the way.
That's not how it works. Companies shop around to see where they can get the most favorable deals to set up manufacturing/distribution. And as long as economically challenged/depressed communities are anxious to attract these businesses, deals will be made, and pots will be sweetened.
It's unfair to blame companies for doing this, and it's not all that different from what free-agent athletes do.
Good? So the homeowners in the area get stuck with the bill instead of a trillion dollar corporation? You obviously don't own a home or just don't care.
Yet all those small businesses that create more jobs on a smaller individual scale should subsidize this?
But it is fair to blame communities for this. This behavior is a race to the bottom.
I'm going to assume you understand economics, finance, and international business.
People are constantly complaining about the apple tax already (ie. Price apple charges for anything apple). So imagine shifting those low cost productions where modern slavery in these countries pay as little as a dollar per hour vs minimal wage in US, and let's assume apple wishes to maintain the same profit margin to keep share holders happy; how much do you think apple products will cost if all made in US?
Who's going to want to pay at least 3000 for iPod touch? You?
Quite funny though especially on here. The forum user base seems to be predominantly liberal democrat and this is the side that usually complains about huge businesses getting tax breaks. Except when it comes to Apple, since it is a magical huge corporation.
Apple are funding another company to build the glass for them.
Of course they need a tax break to do as such.
Small companies should pay tax as well as large. But one day some small companies will become big companies and they shouldn't have to keep paying the same rates of tax. It doesn't scale.
Norway has around a 10% higher personal income tax rate than the US.
That may appear bad on the surface. But what the government gives back that country is truly astounding. Leveling wages for low income jobs, 6 month paid sabbaticals to chase a dream, 2 years of maternity leave (paid).
Its a more socialist approach to taxation that would never work in the US. But it show that higher taxes are not always a bad thing.
Now in saying that. They do have an abnormally high suicide rate. But I think thats the daylight/darkness thing.
As many stated earlier, tax breaks for companies creating jobs is common. Didn't Obama run on a platform he wants to help out companies that bring jobs to US soil? That's what seems to be happening here with the new facility.
Next time they'll be asking for a job break, to employ Chinese people in the facility.
And then a salary break so they don't have to pay employees.
And then a sales break so people have to pay for their products but AAPL doesn't have to deliver them to buyers...
Slaves.
And then a salary break so they don't have to pay employees.
And then a sales break so people have to pay for their products but AAPL doesn't have to deliver them to buyers...
Slaves.
As someone who lives about 15 mines away and sees property tax rises of 40% per year, back to back at times and schools whining endlessly for budget overrides, some of this tax break bothers me. It's not Apple's fault or Sumitomo's or Intel's. It's not the fault of Nordstrom or Neiman-Marcus, either. They all are effectively paid to be here and Apple was be crazy not to take advantage of the culture of desperation our "leaders" have created. Anyone from out of state can get a big tax break and a check because we know strip malls don't build themselves. A local business is out of luck though. This culture of giving away the farm (literally) is of our doing and I can't blame any company for taking advantage of it - and now we're stuck with it.
I'm old enough to remember when China was scrambling to compete with us. It's a pity that now we are urged to lower our wages, reduce regulation and overlook environmental effects so we can "compete with China." In essence we are being urged to become China.
An iPod touch wouldn't cost much more. Apple's profit margin wouldn't be as large and upper mgmt couldn't give themselves untold millions.
Because the shareholders appreciate it.
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"Some" jobs.
The city councils say no, and they get voted out the next election because they sent away jobs for the community.
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This.
Who care aabout shareholders? Public company ownership SUCKS. It creates a huge conflict of interest between employees and the shareholders. I just hate it. Im old fashoined: One guy ownss the company and trates the staff like family. They work hard for him, he takes care of them. Perfect.
Now, its everyone hating on each other and a race to the bottom.
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Yeah - tha typical argument. How about this instead: Apple charges the same for the devices and "gets by" on eleventy trillion billion in profit instead of 14 trillion billion million in profit and pays people living wages in the USA with a few benefits? Oh wait - some jackwad shareholder wouldnt like it. Awe - too bad.
Sound good?
Well just buy some AAPL and you can be part of "the top" as well!
Apple is a company - in the end it just transfers profit to whoever the owners are. Everyone can have a piece of the pie when it comes to most of these billion dollar corporations, so just go get some shares!
How old fashioned are you? The reason that I ask this is because the stock market has been around for like, oh, I don't know....A HUNDRED YEARS. Even Ford became publicly traded in the 50's. This is society.
Oh dear, the hypocrisy is so rich I need to go get a glass of milk. You want all corporations to be treated perfectly evenly, despite their economic impact, while at the same time wanting to get rid of socialist ideas? The reason Apple is treated better than a tiny business is because of economic principles. Apple moving in provides the state more money, even after a tax break. That's a capitalist desicion to the core. Caring about some tiny little do-nothing-financially mom and pop shop is sad, but that's capitalism baby. If you want everyone to get taxed "evenly" than you are shooting for a socialist society.
Of course, America is split pretty evenly on the socialism/capitalism front, which is why a bunch of the things you enjoy on a daily basis start with the word "public", like roads and parks, and it's the reason the Fire Department doesn't send you a bill. Personally, I find it a nice mix. And I find anyone that thinks we are treading on socialist ground for the first time is crazy or doesn't understand the words they use.
No, that is not at all how socialism works. Socialism works by taxing the rich extra. In the U.S. there is some of that, tax tiers for individuals ranging from no income tax to massive income tax based on income level. No, I don't want to get rid of socialism, just Obamacare.
But then it's the opposite for corporations, where they're taxed a higher percentage for being smaller and a lower percentage for being bigger. If anything, small corporations just getting off their feet should get a LOWER tax rate to encourage growth, or at least an equal rate for every corporation. But no, Arizona gives Apple specifically an exception. Not that Apple is to blame for taking such a sweet deal.
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