I hope there is something in life that you are good at since it clearly isn't market economics.
Apple will go wherever they can maximize stockholder equity. Hint: that isn't where they have to pay more taxes.
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Ireland May End Apple Tax Residency Loophole
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I hope there is something in life that you are good at since it clearly isn't market economics.
Apple will go wherever they can maximize stockholder equity. Hint: that isn't where they have to pay more taxes.
Thats ridiculous, they've been there since the 80's they're hardly going to shut up shot because of this. They've used us for long enough.
Should have given us a few Apple Stores in the Republic since the 80's. Its a disgrace that we don't even have one on Irish soil and Apple are established in Ireland for over 30 years.
At least then they would have at least a small validity to their tax declarations of profits as they genuinely were made in the Republic of Ireland. And who knows it may have put the corporate tax rates on the long finger for another little while.*
*Although i know Apple has very little to do with the Changes expected.
And, want to discourage behavior, tax it. That's the idiocy of income tax, it discourages income production. The higher the marginal rate, the more income production is discouraged, and the less income you will have to tax, whether because it is disincentivized or because it evaporates into a black market where it isn't declared.
Beyond some rate taxes collected actually decline. This effect is the basis for the Laffer Curve.
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If he's not, then he's Newish's new best friend.
Guess I better get my copy of the Federalist Papers ready, cuz he's gonna show up down in PRSI sooner or later.
If the cost of staying is higher than the cost of leaving the management will decide to leave in a heartbeat or the stockholders will have them removed. For Apple, staying or leaving emotional or political. It's just business.
If the article is accurate, this has to do with tax residency, which is unrelated to your ideological stance. Here is a small citation from the original article.
It was something unintended. The effects came under scrutiny lately. They disallowed it. It has nothing to do with effective tax rates in the coming year.
Newish has a distinct writing style that isn't present here.
Fact is that Apple has nearly $150 billion of unallocated cash overseas that they are paying zero taxes on. They claim theyll use it eventually. I dont blame Apple, as they arent breaking any laws or (in this instance) doing anything immoral.
Again, the best economies this world has ever known took place in nations that employed progressive taxation. Since 1948, the top five years of USA GDP growth occurred before the Regan tax cuts took effect (when tax rates were much higher), and of course since they took effect the federal deficit has sky rocketed. Since the end of the Carter administration, the best years of GDP growth took place during the Clinton years (after the Reagan tax laws were partially rolled back). Fact is, under taxation has consequences just as severe as over taxation.
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All we need to know is that it has allowed Apple to amass nearly $150 billion in cash in the course of a decade (and largely avoided paying taxes on their income). I don't blame them, but they'd not be harmed by paying a bit more in taxes.
Eh, they've both got that laconic response thing going on.
It could be his brother or something. Who knows?
the whole system is a wreak. The government knows all these loopholes are there yet they don't change them because they/their backers use them too.
Sheesh. Are you guys serious?! I have no idea who the **** you're talking about, but you seem more concerned with who I am or who I might be "best friends" with than the content of my posts. Figures. I'll take this as a sign that you really have no other "argument."
I would disagree. Newish actually provides detail, even if I find some of the assumptions necessary to interpret his logic to be ridiculous. He's also at the very least amusing. This guy just relies on the use of emotive language, speaking of which I like the word "laconic". Few people use it.
I don't see how. Taxes are theft, period.
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Give it a rest ladies...or take it private. You look rather foolish (and childish.)
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OMG
Are there mods here? I'd say this is considerably off-topic (and quite ridiculous.)
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There you go again with that correlation = causation assumption.
The internet. Touchscreens. GPS. All invented by government funded research.
Jobs even started Apple with a small business loan from the government.
Apple paying sensible taxes means less money for patent lawyers.
The article pertains solely to whether certain laws can be leveraged in the tax residency of one of Apple's subsidiaries. It merely redirects an issue. Beyond that you haven't offered any evidence of this overly broad conclusion beyond your own emotionally charged banter with a couple tacked on teenage colloquialisms. I'll leave you to your limited world view.
Which ones - the "pay general tax" or "pick one of the three alternate streamlined pi$$ easy systems", or the low flat rate tax that individuals pay??.
How dismissive.
Try not paying your taxes. Tell us all what happens. Tell us then whether it doesn't start looking a lot like theft.
I'm sorry if your biases and deductive limitations prevent you from seeing this basic truth.
How cute.
TBH Apple should be exempt from paying any taxes on their profits. They do so much good around the world. They're driving innovation every day, improving living standards, creating great jobs for hardworking people. Taxing success is morally repulsive.
People leaping to Apple's defence without engaging a single neuron is always hilarious- a company registered in one country but being controlled from a different country has no assets to "leave with" - it's simply a company registration and a registered office. All the ops are being conducted from Cali, with the Irish company just being a front for tax purposes. How is that not bleeding obvious?..
You don't provide any additional information here. It wouldn't be much different if you asked whether a particular cloud looked like a duck. It doesn't even have anything to do with biases. You never explained how one thing was derived from another, and the term theft was used to convey an emotional response.