I dont and I do.
Whoo, ethical high ground.
If you game the system then fine.
Just don't act like Jesus when doing so.
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Nobel-Winning Economist Calls Apple's Irish Tax Arrangement 'Fraud'
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Whoo, ethical high ground.
If you game the system then fine.
Just don't act like Jesus when doing so.
Fixed. I don't despise the prize, it just kind of lost it's importance once it went political instead of award based on achievement and discovery.
There is a difference between claiming medical expense tax credits and the double irish dutch sandwich.
One is a way for the government to provide a bit of tax relief to common people like you and I, and the other is one of the reasons why the government cannot afford to keep having those said reliefs.
Not at all the same.
Yeah. I was trying to stick to US taxes. Bob certainly has some moves of its own.
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The double irish has nothing to do with US taxes. It's about minimizing foreign taxes on foreign income.
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No, it doesn't. It highlights how foreign corporations in foreign countries selling to foreign citizens aren't taxed by the US.
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I think that's the major beef. Apple has gamed it the same way Google, Starbucks etc have.
It will catch up to them sooner or later. About the same time Apple products are designed in Port Tax Haven, Made in China.
Will only happen if Donald gets elected.
Otherwise, Hillary will do the opposite… she will tax all Americans (individuals and corporations like Apple) to death.
Oh please. Really!
I spend so much time in the US and I can never get over this BS fear of tax.
Reagan, Bush1, Bush2. Reduce tax tax tax.
Country broke every god damn time.
Besides, according to news Corp she's a wall street schill.
Hardly going to bite the hand that feeds.
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Sure. My original point was that the US shouldn't really be the ones complaining. Which is why I was trying to stick with how things affect US taxes.
The "Nobel" peace price has nothing to do with those awarded in the hard sciences. Economics ain't one of these and the price is of a 3rd kind.....
The idea that lowering tax rates or calling an "holiday" will benefit the US economy is naive as it will just open another way to game the system for the global players, while accelrating the race to the bottom.
Instead of fiddling on th tax side one shoul change the rules of accounting and bring states with parasitic taxes rates to conform to some basic rules.
Americans shouldnt underestimate the stupidity and gullibility of the average Trump voter.
Any tax levied on a corporation is simply paid by the consumer, that’s your response……..sigh.
That's not really fair.
Look at Germany 1930s. Same situation .
Lots of angry people thinking they've been cheated wanting nothing more than bread and a little cash flow for the family.
It's a sadly easy market to manipulate. Don't blame the people though. Blame the people selling the lie.
Hell, look at Brexit.
The problem is that the tax code legalizes activities that 100% look like fraud to everybody (except the final appeals tax courts).
It can smell like fraud to you, everybody else, a Nobel laureate, and the IRS; but if I win in tax court or after a later appeal, no penalty for my legal tax shelter, no matter how fraudulent it looks.
Blame the lawyers (who scam their way into politics) for creating these loophole opportunities. Smart people (and companies) take every possible tax deduction they can. Voluntary donations to the government are microscopic compared to the GDP.
It can smell like fraud to you, everybody else, a Nobel laureate, and the IRS; but if I win in tax court or after a later appeal, no penalty for my legal tax shelter, no matter how fraudulent it looks.
Blame the lawyers (who scam their way into politics) for creating these loophole opportunities. Smart people (and companies) take every possible tax deduction they can. Voluntary donations to the government are microscopic compared to the GDP.
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My one objective is to make money for me and my family. Doesn't excuse me to find immoral ways to dodge taxes. legal or not. Curious to hear your stance on the Panama papers.
Obama killed people through the drone program..is what's assuming you're referring to... how many got killed due to the Iraq war that started when a Republican was in office?
We digress.
Did I mention Hitler? No!
Just the fact the population cannot take the blame when they are being sold a lie.
We are just as Ill informed as we were before the internet.
In any case. History is there for a reason.
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The Panama papers, prosecute the ones who broke the law, not the spirit of the law, the actual law. I don't blame anyone from legally avoiding any and all taxes that they can.
Bush wasn't awarded a Peace Prize. Anyway off topic.
If you think this is about governments trying to tax profits from iphones sold elsewhere, you are mistaken. This is about profits from Intellectual property that Apple's subsidiary in Ireland gets.
This is about Apple's subsidiary in Ireland that collects licensing fees from all iphones sold worldwide. Apple uses loopholes to move ownership of patents to Ireland for cheap. Patents that are created in USA and protected by USA and use resources in USA to be made.
Each iPhone that gets sold worldwide, most of its profits go towards royalty payments.
So if Apple sells an iPhone in USA, its profit from that gets taxed but Apple reduces its profit by having expenses like that licensing fee.
Again, the actions that he referred to as fraud have nothing to do with the US tax code.[doublepost=1469823186][/doublepost]
That's not correct at all. The "licensing fee" that you refer to doesn't even apply to purchases in the Americas.