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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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Then it's not "flat".
What you're describing is marginal tax rates (each higher tier of income taxed at a higher percentage). We have that now.
M
Mr.damien
Guest
And ? it's just a new way to taxe the corporation... The tax will probably be BEFORE you get your money just as a way to avoid loophole...
p.s. those complaining about Apple being brought into the hearing are now forgetting one thing.
This is an amazing opportunity for Apple. Listen to Cook right now. They get to promote what they do and their products. A government sponsored keynote to the world. They don't need to rent out the Moscone center
Point is - yes - there's negativity with some of the precedings. But there's also a tremendous PR aspect here for Apple.
I agree for the people actually watching the hearing. But when the media starts reporting on it, I am not so sure it will be postive.
Be careful, Rand Paul (and general Libertarians) are not as socially liberal as they claim. Most have outspoken against equal rights, specifically for the LGBT community. Hate crimes against the LGBT community are seeing a rise, with recent murders in NYC Greenwich village and many other attacks. Some believe it is a backlash against the recent huge strides in equal rights across the nation. Either way, I don't view any one party as socially liberal. I am fiscally conservative and socially liberal, I base my views on the merits of each case and not towing any party line. I wish most Americans would turn off cable news, venture outside their homogeneous suburban enclaves and meet people of differing cultures, class, race, etc. It's one of the reasons coastal/global cities tend to be more liberal socially.
It was lowered to 70% under Carter and lowered again to 28% under Reagan.
And look how well our economy is doing now that the mega wealthy no longer pay their fair share.
By fixing this quote you made a very important point - There is no real difference between teabaggers/conservatives/liberals. They only wear slightly different clothes. They are all the same beasts underneath.
So, whatever side of history you are on you will have a lot of unwelcomed company with you.
p.s. those complaining about Apple being brought into the hearing are now forgetting one thing.
This is an amazing opportunity for Apple. Listen to Cook right now. They get to promote what they do and their products. A government sponsored keynote to the world. They don't need to rent out the Moscone center
Point is - yes - there's negativity with some of the precedings. But there's also a tremendous PR aspect here for Apple.
Good point. Negative coverage is still better than no coverage. Now Apple and Mr. Cook get to discuss the merits of Apple products and how home grown they really are compared to other gadget companies. Some of this will filter down to the masses that may not know much about how Apple works behind the scenes. This could be a big win for Apple. A government sponsored infomercial.
Yep. Summary version seems to be
'We are going to imply that you shifted US earned dollars out of the country illegally to avoid taxes you should be paying because a 'reliable source' told us you did. He also told us that the next iPhone will be out in July and we think you should give us all one for free and pay our phone bills cause the government is strapped for cash.
We created these laws but we never meant for you to use them. We are ignoring every other company and some of our fellow government members that use the same laws to the same end to make you look horrible.
Even though we have no proof you haven't paid every dollar you legally owe, we want you to pay more cause we don't want to have to do it ourselves.
We would out you on trial but that would mean we would have to prove our claims and we can't.'
Did I miss anything?
Because what's wrong is still wrong?
Apple's accomplishments in one area shouldn't become armor against shady behavior elsewhere.
We shouldn't try to draw and quarter Tim Cook, no, but we shouldn't give Apple a pass either. The loophole they're exploiting should be brought to light (and it is), and then closed.
I wonder how Steve Jobs would have been based on his established media skills. Terse responses, maybe sent via text or email.
"No"
"Don't know"
"Soon"
"Maybe"
"Sorry, no"
While I don't agree with what Apple does with taxes. They aren't doing anything wrong. If we don't like it, we should change the laws...
