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Nobel-Winning Economist Calls Apple's Irish Tax Arrangement 'Fraud'
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When you assume that these comments are from shareholders, it all makes sense. Why wouldn't shareholders want Apple to cheat and steal, they benefit financially.
So Apple held the fund raiser or was it Tim Cool holding one as a private citizen?
Name one "mainstream" Republican that has ever said such about any LGBT individual, with source please. Thanks
Tim Cook utilized Apple resources to put on the fundraiser, and if you dug a little, I'm willing to bet Apple capital was used as well.
Arrangements such as the "double Irish with Dutch sandwich" essentially reduce profit in one location by increasing costs in that location through payments made to another.
If you look at the transaction structures necessary to deliver the target tax rates, the question is the extent to which they are genuinely commercial transactions that reflect the actual commercial reality or whether they exist solely to deliver the desired tax benefits. This debate is really as much about ethics as it is about the legality of the arrangements that result in a lower effective tax rates.
If you look at the transaction structures necessary to deliver the target tax rates, the question is the extent to which they are genuinely commercial transactions that reflect the actual commercial reality or whether they exist solely to deliver the desired tax benefits. This debate is really as much about ethics as it is about the legality of the arrangements that result in a lower effective tax rates.
http://m.huffpost.com/us/entry/us_56be42a2e4b08ffac12544f6
POLITICS
GOP Lawmaker Compares Gays To Pedophiles To Defend Discrimination
A West Virginia lawmaker argued that defending LGBT rights would open the door to protections for pedophiles.
At a legislative hearing Friday, Republican Del. Tom Fast argued against an amendment to a bill that would ban discrimination against same-sex couples. The non-discrimination amendment (which ultimately failed) was added to a bill that would let Uber operate in the state.
“Once homosexual, bisexual and transgender behavior is elevated to a protected status, there is nothing to stop bigamy, pedophilia or any other sexual practice from receiving the same protection,” Fast said.
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please feel free to dig deeper and back up your claim with fact, unless you are just a typical right winger who spouts lies and makes baseless claims they can back up.
So go ahead no prove you are not a liar....
Wanna bet? Headline today all over the news is how Facebook is in the hole for billions in taxes, yet continues to punt behind loophole after loophole. Were this any private citizen, the IRS would be seizing their assets and tossing them in jail after 30k. The Fed is afraid to crack down on Facebook for the same reason they're afraid to crack down on Apple: both are economic juggernauts that drive the market globally, and the fragile economy can't withstand any more turmoil right now going into the November elections.
I wonder if the fact these companies can "donate" their way to crafting tax rules how they want them. How convenient.
Apple's employees do pay for those services: through income and sales tax. Any tax levied on a corporation is simply paid by the consumer. If Apple was forced to pay their "fair share", do you think they would simply eat the cost of their lost profits?
Awww I'm a Bernie Bro, but thanks for playing, Kreskin. And I doubt the small amount of AAPL stock I hold would grant me access to their petty cash ledger.
And one yo yo from the West Virginia legislature no one outside of huffpo has ever heard of isn't "mainstream," Leroy
I wonder who is more knowledgeable in issues like this, Nobel winning economist or a bunch of anonymous Apple shareholders on Macrumors forum ...
Liars gonna lie, don't worry you don't have any credibility anyways.
Another republican, Derrick Wilburn the vice chair of the Colorado Rwpublican party.
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Yeah typical left winger who pointed out facts to oblivious republicans proving them wrong.
I can't tell if you are kidding. Do you not believe that the US corporate tax rate is 35%? Or are you not willing to review the 10Q to verify what I said?
This is the problem that I have with that. If I was an American citizen, and I make money elsewhere...anywhere in the world, I would be taxed at the US rate for my WORLDWIDE income... it makes zero regard of where I made that money. After all, I took advantage of American education, economy, skill, land... in order to position myself to be able to make all that income.
Here is Apple.. a CALIFORNIAN corporation, born and bred in Silicon Valley California... run by Americans, with American educated hires...and they get to claim that all of their foreign income are earned in low tax rate Ireland and therefore should not be subject to American taxes.
You know who gets to pay for that bogus claim? You. Me. The people that still have to pay American taxes on dividends earned if we ever had shares in Irish companies.
The blame doesn't lay purely on Apple. The system is broken. But it is broken that a company like Apple can make such a bogus claim. And that is wrong. I think that's what this economist means.
I wouldn't brag about the jobs - $12 part time jobs aren't adding much to the economy.
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TPP will make it worse - take a look at the investor portion - transnationals can override health, safety, and environmental laws based on potential lost profits.
Corporations don't pay taxes. They pass that cost to consumers via higher prices of goods.