Meanwhile the nation of Switzerland continues to be the place where the "big fish" banksters stash their cash and try to escape from just about everything related to financial responsibility. Do you really think Goldman Sachs pays taxes? They slant the laws in their favor and then continue subverting the economy (along with other multi-national banks). At least Apple built their fortune by providing people with the choice to buy things they want. The banks...just conspire on how to screw us.
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Apple Reportedly Shifted Billions of Dollars to Small Island of Jersey Amid Tax Crackdown [Updated]
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So we should pay for what Apple does but Apple should not pay for what the governments that facilitate them do. Got it.
Politicians are not stupid...Who do you think puts and keeps in paler the laws they exploit to save on tax? Yes that's right..the politicians.
Then in return for 'helping' the companies, they then get jobs in those same firms when they no longer are a politician.
There is never any interview or the need to fill in forms etc, just turn up and the job is yours.
Even when they have no experience.
I mean in the UK we had George Osbourne who used to be the chancellor of the exchequer and then suddenly became the editor of a newspaper despite having no experience at all!
There are many more examples like that in the UK and US.
Politicians and their corporate paymaster friends run the country for their own benefit.
That would take citizens actually paying attention... and then getting past the misinformation and propaganda of the main news outlets. Then they'd have to find honest people to vote into positions replacing like 99% of all the politicians who are currently there... and then these people would have to resist all the money being fed to them to not do the right thing.
I hate to be a pessimist (on these things) but I think things are actually heading in the wrong direction, not getting better.
So can I shift all my money to bank accounts in other weird places so I don't have to pay taxes?
Its all good. All Apple wants to do is have all of the advantages of living in a modern society without contributing towards it.
Thats fair innit?
Thats fair innit?
Nice place, went for a holiday there once, your laws on roads and horses are funny! But a nice place to visit.
Apple should pay more tax. Corporate profits depend on healthy and educated workforces paid for out of taxes (NHS and state schooling), good infrastructure, street lighting, a police force, publicly enforced respect for contracts and property rights, etc etc. When Apple evade tax it is free-riding on the backs of the rest of us
I haven't, no.
But I see absolutely *nothing* wrong with companies attempting to keep as much as possible of what they earn. Taxation is a necessary evil, but it's definitely theft...and the thieves continue to get greedier.
I was wondering what country Jersey was when I saw it in the list of countries that the iPhone X would be available on launch day. Now I know what country it is and why it was available there on launch day!
Show me a huge multinational corporation that does not used these tactics?
Show me a huge multinational corporation that does not use tax haven tactics.
Found the Apple apologist.
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Look there’s two of them!
I like it. But what could breaking the game look like? How would that work? And can you break the game and still keep capitalism alive? And if not, what happens to American society? Will it convulse into death and violence? Yuuuge questions.
No, I wouldn‘t do that if i were in the same position, so I can blame them. I‘m happy to participate with my taxes. And I’m pretty sure there are millions to billions of honest and compassionate people worldwide who similarily feel cheated by big companies avoiding taxes. Btw., we‘re talking about the same company that raised the prices of their state-of-the-art-phones by 100% over the last 6 years. Not only are they saving money by evading taxes, they are rising prices at the same time.
Btw. I couldn‘t care less about people who have enough money to buy apple shares.
Most decent UK companies don't try and fiddle, Including most in FOTSE.
It's tough to complain when a global economy does not have a global tax structure. So money will always flow to where it's cheaper to store.
Analogy: If you had two banks in your town and one bank gave you 10% interest and other other gave you 5% interest but donated a matching amount to cancer research, most would go for the 10% interest. It doesn't seem ethical, but money controls decision making not ethics.
Analogy: If you had two banks in your town and one bank gave you 10% interest and other other gave you 5% interest but donated a matching amount to cancer research, most would go for the 10% interest. It doesn't seem ethical, but money controls decision making not ethics.
If the US corporate tax rate was 5% Apple's money would be in Jersey right now.
Agreed. Regardless of how much individuals/corporation pay in taxes, governments at all levels will continue to increase spending.
I don't think there is any doubt that the Irish deal was done with a couple of Guinness.
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And they can fund and help the DACA Amnesty or just virtue signal and have you pay for it
Article says Jersey has loose ties to the UK? Jersey is a crown dependency a stones throw from England, wouldn't exactly describe it as a loose tie
Capitalism ≠ corruption! Of course the game could be broken and still have capitalism. Economics is a social science, so you have to fix the social part (as much as possible). That means proper regulation... including regulation of the government making the laws by the people (in a democracy or representative form of government). It will never be perfect, but it could be much, much better!
The problem in most Western countries, is that you have two battling forces of ideology.... the 'free market' people and the socialists. Both are somewhat a smoke screen, as the core economics principals either put in place when they get in power are nearly identical. (i.e.: keep the battle alive in the populace so they don't pay attention to the 'man' behind the curtain.)
re: American society - I think its sinking is taking care of itself pretty nicely. I give it another 10 years, tops, w/o some major course correction.