I love how everyone is so negative towards Trump but don't even know how he got to where he is. The media isn't portraying his past accurately to his own words and actions.Sorry Bernie. That's not going happen.
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Bernie Sanders Wishes Apple Would Move Some Manufacturing to US and Pay 'Fair Share' of Taxes
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So the people in the Panama Papers are a very small group of people with lots of money who don't pay any tax, but include people like David Cameron's father. Obviously they should pay a lot more tax and they are largely the people who get complained about.
Compared to them even people on £100k a year are relatively ordinary and probably mostly pay a reasonable amount of tax.
The best way to repatriate overseas income is to tax global profits based solely (prorated) on the location of gross sales. If 20% of all Apple sales are in the US then Apple should pay an income tax on 20% of their global profits. Shifting profits to low tax countries would be eliminated.
Don't tell me I'm the only one who thought this
Yup PRSI, definitely!
There are at least five hot-topic flash points in that MR post, to wit, Apple's paying of taxes, the competence of our workers, Apple's efforts to bring manufacturing jobs home, the questioned 'destroying of the fabric of America', and last but not least, the upcoming election. This'll be an interesting discussion!
There are at least five hot-topic flash points in that MR post, to wit, Apple's paying of taxes, the competence of our workers, Apple's efforts to bring manufacturing jobs home, the questioned 'destroying of the fabric of America', and last but not least, the upcoming election. This'll be an interesting discussion!
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Jealousy is a double edged sword. Use it in your favor or it will be used against you. Corporations are allowed to store assets in off-shore accounts (essentially they are choosing to bank with a banker outside the U.S.). Apple is rich and people get greedy and just want to take instead of work to be in the 1%. It's not impossible, it just takes work.
It's never fair. Someone will always want more $$.
Whatever you say Bernie
http://www.usatoday.com/story/money...ompanies-paying-highest-income-taxes/1991313/
http://www.usatoday.com/story/money...ompanies-paying-highest-income-taxes/1991313/
So if Apple's South East Asia division based in Singapore sells software written in America to Vietnam where should they pay the tax? Surely not all in Vietnam or Singapore?
Exactly, Its the ridiculous stupid tax codes and rates that make these companies go overseas. I have seen interviews with several large corporations (Cisco was one) that said they would certainly come back here if the government would make a tax rate they could live with. Like in Ireland I believe they said it was like 15%. So they opt to stay there. The government is so stupid they rather have 38% of 0 than 25%of billions.
Bernie is nowhere near as smart as Emperor Palpatine. He's more of a Jar Jar Binks.Don't tell me I'm the only one who thought this
Not that hard. I'm a long-time Apple fan and I support Bernie Sanders more than any other candidate in my lifetime. While taking an all or nothing approach to life may be popular with other, less qualified candidates, Bernie is right to criticize Apple for some aspects of its business, while not condemning them for their business practices as a whole. Apple is a corporation that creates high quality products while maintaining a fairly liberal, philanthropic culture. But it is still an American corporation using lawyers, accountants and loopholes to pay a smaller percentage of taxes than I do. I think Bernie realizes that closing corporate tax loopholes and creating a manufacturing friendly atmosphere in America is nearly impossible within the current confines of American politics. Hence, he "wishes" Apple would do the right thing, in these regards.
Gotta do something about those tax rates. How are you going to take 40% of a corporations money and then wonder why they won't bring the money from overseas to the US?
Heck, I think my personal rate of 25% is too damn high. So every time I make a buck, you extort $.25 from me before I had a chance to be productive, invest, or consume it.
Heck, I think my personal rate of 25% is too damn high. So every time I make a buck, you extort $.25 from me before I had a chance to be productive, invest, or consume it.
He's right about tax.
Apple should pay tax for the countries that they sell their products in, rather than funnelling it all through Ireland, purely in order to avoid paying a fair share of tax. Can small businesses take advantage of such tax breaks? No. Neither should Apple. That they don't only serves to highlight the hypocrisy of Tim Cook's supposedly ethical stance on issues that sometimes have no bearing on Apple.
Apple is effectively anti-government, anti-fairness and pro-pollution. Tim Cook has made it quite clear that money is his master ("Follow the money"), and this is the only thing that really matters to him. I preferred Steve Jobs for two reasons: he never got on the moral high horse like Cook, and he genuinely wanted to make amazing products; he was a products guy.
Apple should pay tax for the countries that they sell their products in, rather than funnelling it all through Ireland, purely in order to avoid paying a fair share of tax. Can small businesses take advantage of such tax breaks? No. Neither should Apple. That they don't only serves to highlight the hypocrisy of Tim Cook's supposedly ethical stance on issues that sometimes have no bearing on Apple.
Apple is effectively anti-government, anti-fairness and pro-pollution. Tim Cook has made it quite clear that money is his master ("Follow the money"), and this is the only thing that really matters to him. I preferred Steve Jobs for two reasons: he never got on the moral high horse like Cook, and he genuinely wanted to make amazing products; he was a products guy.
But you do benefit from government services...
Your last sentence says it all. Even if the tax rate was like 20% or 22%, I bet cooperations would do it to have the money at home. It hurts us too as citizens because with all the extra billions that would come in, they might be able to lower the tax rate on us a little. I mean I wouldn't mind spending more on goods and gadgets if I knew my taxes weren't so high.
Bernie's 100% right. There's more to being a liberal than supporting marriage equality, Tim. You sit at Democrat SOTU addresses as a useless prop, but run away like a little phony when it comes to your company paying its fair share, paying your slave labor a living wage, and keeping jobs in the country that gave you the opportunity and infrastructure to gouge Americans for your husband's next Bentley.
I feel the Bern!
I feel the Bern!
Wow we have idiots on both sides this year. If this is the best we can do it will be the first year I don't vote.
So, here's the problems with Bernie's statement:
- Some Apple products are made in the U.S.
- Democrat ideals, have made producing in the U.S. way too expensive for Apple and many other companies to consider. Here are some examples:
- Detroit labor unions (Unions while at one time had a good purpose, they are now outdated) negotiated extremely high wages ($20-$30 per hour) for U.S. car manufacturers, so these companies moved their production to foreign countries, as it is cheaper for them to ship the cars to the U.S. meanwhile companies that are considered foreign car companies have no such contracts in place and they are finding it cheaper to manufacture in the U.S., but only in certain areas where taxes are relatively low.
- As taxes increase (which will happen with Sanders ideas), more and more companies will move manufacturing to other countries.
Exactly. It's silly to talk about someone not paying their "fair share" when they are merely taking advantage of the tax code itself. Do any of us voluntarily pay more in taxes than we actually owe? Of course not. The law is the issue, not Apple's conduct.
I'm curious, MacRumors. If this article were about Bernie saying Microsoft should move the manufacturing of their Surface tablets back to America, would you respond differently than if he says it about Apple?
I agree with Bernie that Apple should bring more manufacturing jobs home where they can, but there's also the reality that America simply does not have the manufacturing infrastructure to build millions upon millions of iPhones for the entire world. The other issue is the one Tim Cook brought up in his interview with Charlie Rose: bringing money and jobs back to the U.S. would make a whole lot more sense for businesses if they weren't taxed twice to do so. The U.S. government isn't bringing in revenue because of double taxation, because most businesses just avoid it and put their money elsewhere (Ireland, apparently, in Apple's case), so it'd make a lot more sense to revise the tax code.
I absolutely believe that all of these corporations would bring money and jobs back home if there were fewer barriers to doing so. They wouldn't have to fly people around, ship things, communicate across time zones... It'd make life a whole lot simpler for them, and benefit the U.S. economy immensely.
I agree with Bernie that Apple should bring more manufacturing jobs home where they can, but there's also the reality that America simply does not have the manufacturing infrastructure to build millions upon millions of iPhones for the entire world. The other issue is the one Tim Cook brought up in his interview with Charlie Rose: bringing money and jobs back to the U.S. would make a whole lot more sense for businesses if they weren't taxed twice to do so. The U.S. government isn't bringing in revenue because of double taxation, because most businesses just avoid it and put their money elsewhere (Ireland, apparently, in Apple's case), so it'd make a lot more sense to revise the tax code.
I absolutely believe that all of these corporations would bring money and jobs back home if there were fewer barriers to doing so. They wouldn't have to fly people around, ship things, communicate across time zones... It'd make life a whole lot simpler for them, and benefit the U.S. economy immensely.
If only I, as a single American citizen, could hold my tax responsibilities hostage from the government as well. You know, at least until they agree to lower my percentage to something I feel is more fair. If you are saying you wish the government would lower EVERYONE's tax rate to 15% so that the corporations would pay up, then sure, I'd go for that. But I can pretty much guarantee the corporations will continues to use their abundant resources to pay less than what they owe, no matter what the actual percentage is. Closing loopholes in the tax system is a bit like waiting for a bug-free software release. While I wouldn't mind the government putting a bit more effort into fixing the tax codes, I am not so naive to assume that they could ever come up with something loophole-free.
My brother is dating a stripper, that is the only thing the U.S. are making. She is cute thought.