Apple's New Chief Lawyer Katherine Adams Welcomed With Multimillion-Dollar Bonus Package of Restricted Stock

[manni]

Can you provide evidence and references that Apple has not paid taxes that were actually owed the US government?

Here's the official press release from the European Commission claiming Apple owes 13bn Euros in taxes that had been saved with illegal state aid they had negotiated.

http://europa.eu/rapid/press-release_IP-17-3702_en.htm

They will do this sort of thing almost everywhere.

And in many respects it's hard to blame them. Probably most of us here would behave with similar greed if in a position to do so, especially as the benefits are largely felt by the top execs. So Cook can virtue signal on twitter while *innocent face* in the background lawyers exploit every possibility to twist rules to save taxes. All men are capable of greed and hypocrisy; I blame the governments for not taking the gloves off when it comes to companies like Apple.

 

[Jetfire]

Atty here. You are confusing tax avoidance with evasion. Other guy isn’t saying they are breaking the law, but instead not acting in the spirit of the law.

Spirit of the law is not the law. That's why I said to fix the laws to close these loop holes or even get rid of it if it created it in the first place. If Apple didn't take these tax deductions and tricks. Then some shareholders found out about it they could sue Apple for not doing the do diligence.

Look out for investors money is not the same as profit-Uber-alles

“If you don't like it then fix the laws that let this happen”
Yeah right - notice that income disparity *increased* under “hope and change” (Obama) and will no doubt continue under “drain the swamp” (Trump).

If laws don't change that makes this legal than how will it change.
Look what happen with Obama Care when they tried to make federal works go on it when they were passing the law. Powers to be look out for each other.

I’m on the lucky side of the income bell curve, but I remember that my work designing stuff for satellites should not be valued 1000x that of the work that the cleaning staff or the waiting staff perform - after all there are only 24 hours in a day.

Never said this was fair. but it's not exactly new either. But this is also a self feeding machine. Who wants to make less then the last person. If one CEO or VP makes this much the next one want's even more in a game of one-upmanship until we get where we are now.

If you want to make money buy people for what they are worth and sell them for what they think they are worth. (FYI that's not about slavery).

 

[Admiral]

Look out for investors money is not the same as profit-Uber-alles

“If you don't like it then fix the laws that let this happen”
Yeah right - notice that income disparity *increased* under “hope and change” (Obama) and will no doubt continue under “drain the swamp” (Trump).

I’m on the lucky side of the income bell curve, but I remember that my work designing stuff for satellites should not be valued 1000x that of the work that the cleaning staff or the waiting staff perform - after all there are only 24 hours in a day.

Why not? I'm sure that you in fact could swing a mop (I did, in my swabbie days), but less sure that the custodian could design the satellite components.

 

[VictorTango777]

Corporate people will argue that corporations will use the extra money to invest in their employees, donate to charities, etc. But is there any guarantee that corporations will actually use the tax savings that way?

FWIW, I fully expect to see certain MR members argue "It's Apple's money, Apple can do whatever they want with it" while not granting the same argument to any other corporation.

 

[dwaltwhit]

I never get comments like this, as 100% of the time the person making it always fails to respond to the follow-up rebuttal:

"Please describe the last time you paid a single penny more on your taxes than you were required to pay legally." I have yet, after all this time, to find a single person who has said "I paid X more for the good of the US and its debt load."

Tax avoidance is good business practice
Tax evasion is a crime

Apple is "guilty" of the former, not (as of yet proven to be) of the latter