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Apple's secret tax bolthole revealed

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super chimp

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Mar 21, 2008
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The world's most profitable firm has a secretive new structure that would enable it to continue avoiding billions in taxes, the Paradise Papers show.
They reveal how Apple sidestepped a 2013 crackdown on its controversial Irish tax practices by actively shopping around for a tax haven.
It then moved the firm holding most of its huge untaxed offshore cash reserve to the Channel Island of Jersey.
Apple said the new structure had not lowered its taxes.
It said it remained the world's largest taxpayer, paying about $35bn (£26bn) in corporation tax over the past three years, that it had followed the law and its changes "did not reduce our tax payments in any country".
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http://www.bbc.co.uk/news/world-us-canada-41889787

It should be noted there is nothing illegal in doing this.
 
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iBrooker said:
MacRumors please cover this!!



It's immoral! For a company that goes on about being an ethical company - this is FAR from it :mad:
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I take my house tax deduction, I do not have to, but I do. I mailed in the rebate for a new A/C, did not have to, but did. Is it immoral to save money? Not at all.

Change the rules (aka rule makers ), stop complaining about those that follow them.
 
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960design said:
I take my house tax deduction, I do not have to, but I do. I mailed in the rebate for a new A/C, did not have to, but did. Is it immoral to save money? Not at all.

Change the rules (aka rule makers ), stop complaining about those that follow them.
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It's nowhere near the same.

I can fully understand those who want to save a few hundred (or even thousand) here or there. Or those who are on the lowest rung of society, claim benefits while working at the same time to get a few extra quid. What I can't understand is those who have everything - more than they could ever spend in a lifetime - wanting to screw everyone else more and more and more. It's disgusting and it's not ok. Ugh.
 
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OLDCODGER said:
Define "fair".

To me, "fair" means that I spend what I earn - not having it taken from me to benefit strangers.

And there is no such thing as "society" - only population.
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So you are a self-made person, that never benefited from public schools, roads, an army to keep you safe, government R&D money that effectively created the computers and the internet you use through military research? The government that provides schools to those less fortunate than you - self-made person -, that provides laws and a means to enforce them and redress in case there are those that seek to infringe on your rights or on the rights of those you hold dear?

I doubt that.

I run a business - I pay 25% corporate tax on my profits to my country. Apple should pay approximately the same. Not whatever piddling amount they do pay in practice, just because they're big enough to afford expensive lawyers and lobbyists and cheat (in name, if not in deed) their way out taxes. *Especially* not when Tim "hypocritical virtue signaller" Cook talks about Apple's "values"
 
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laz232 said:
So you are a self-made person, that never benefited from public schools, roads, an army to keep you safe, government R&D money that effectively created the computers and the internet you use through military research? The government that provides schools to those less fortunate than you - self-made person -, that provides laws and a means to enforce them and redress in case there are those that seek to infringe on your rights or on the rights of those you hold dear?

I doubt that.

I run a business - I pay 25% corporate tax on my profits to my country. Apple should pay approximately the same. Not whatever piddling amount they do pay in practice, just because they're big enough to afford expensive lawyers and lobbyists and cheat (in name, if not in deed) their way out taxes. *Especially* not when Tim "hypocritical virtue signaller" Cook talks about Apple's "values"
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You're confusing "user pays" with "welfare". Paying for services that govt is supposed to be limited to is not the same as having my money going to strangers.
 
So funny because their CEO will jump into any and all politics/social issues with a wonderful SJW attitude but yet they do this?

Just like yelling at Qualcomm "You're charging too much!" while becoming a trillion dollar company.
 
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