You're confusing "corporate tax rate" with "profit rate." Two totally different concepts.
Look back at my first post in the reply chain. 40.1%.
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Tim Cook Pens Open Letter on Tax Evasion Claims, Says Apple is Confident Decision 'Will be Reversed'
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You're confusing "corporate tax rate" with "profit rate." Two totally different concepts.
Look back at my first post in the reply chain. 40.1%.
Er, yes, he's right. Take it from somebody who lives in Ireland, and sees what other companies pay.
But why aren't companies made to pay the rate of tax in the country in which the product is sold? Isn't that how tax is meant to work? Why are they allowed to 'trick' the system by making the purchase look like it was made somewhere else with lower tax? That seems dishonest and lucrative.
God I hope not. I'm already applying for Irish citizenship precisely because the UK left the EU.
Please note the difference between profit margin and tax rate. The numbers from the article cited show Apple paying a 40% tax rate in Australia.
Well said sir; I saw the truth of it some time back, and it does indeed very much disappoint, jaded being very apt. Apple may "just" be on the right side of the law in some countries, that said Apple is morally bankrupt at very best, as the greed is simply staggering.
I still have some of our older Mac`s, I look at the quality versus my latest Retina`s, with the older ones being simply put together to higher standards. They physically show less wear & tear albeit they have served countless thousands of hours under hard use. All this adds up to Apple producing a cheaper product at the same premium price point to it`s customers. Yet as stated driving it`s suppliers ever harder for reductions, bullying by using it`s scale of of economy to force pricing ever downwards.
I do think in many ways that this 2015 rMB may well be my last Mac, as Apple`s duplicity does not sit well with me at all. On a more technical note, I don't trust Apple from a business perspective not to make another spectacular "cant innovate my ass" for the Mac in 2016 solely due to bad press and falling sales, only then to abandon the line exactly how Apple has done with the the Mac Pro. Not only has Apple lost me as a customer, Apple has lost all my companies and several others I am involved with; computers, phones, tablets.
At a point now where I doubt I will get through the next KeyNote as watching Tim Cook drone on how "awesome" all Apple`s products are simply sickens me to my back teeth. As an engineer I look at Apple`s product, my immediate thoughts are; this is designed to serve Apple not the customer...
Q-6
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No special deal? Bro don't fool yourself.
However Tim is right - they are paying what the government made an agreement they should pay. The EU are such a nosey pain in the backside.
However Tim is right - they are paying what the government made an agreement they should pay. The EU are such a nosey pain in the backside.
I fully understand how tax works. The issue is that profits have been diverted to low or almost zero tax rate markets that are neither the country of sale or the country that Apple is based in, depriving both of those countries of taxable profits and therefore tax at the applicable rate.
Maybe you're fine with that, but I'm not. I bust my gut to pay taxes here, we're paying a premium for Apple's dates products adjusted for our currency, yet Apple is not paying their dues. It may be legal but it is completely unethical. Its time for Apple to pay their dues.
Maybe you're fine with that, but I'm not. I bust my gut to pay taxes here, we're paying a premium for Apple's dates products adjusted for our currency, yet Apple is not paying their dues. It may be legal but it is completely unethical. Its time for Apple to pay their dues.
Yes, that would make sense.
All I was trying to point out in my original post was that this is not the EU stealing from the US.
Taxes are due in the EU before the US can tax any remaining profits (ie after any EU taxes have been paid) once the money is transferred from the EU to the US
ireland has been giving Apple tax incentives since the 80s.
You find out in 2016 and now it's all Timmy's fault.
Did you use a ladder to climb up on that cross?
No, I used my eyes to read the document, which clearly states the 0.005% tax rate was implemented in 2014.
The biggest issue I have with Cook's response is the continuation of the "job creator" myth, where business itself tries to take the credit for something that also requires a stable central government, advanced infrastructure, and a large consumer base with disposable income…all things that the business itself didn't create. Jobs are the result of a collective effort in many different levels of society, not just an individual business and it's products/services.
Apple does not evade taxes, they avoid them.
The EU is not telling Ireland what the law is - they re telling them they have to apply the Irish law equally to all companies. What most with opinions on this seem to not realise is that the Irish government back in the day gave Apple special deals that were not available to other companies. This is a completely separate issue to the 12.5% tax rate and even the double Irish tax ridiculousness. The Irish government and Apple made an illegal deal to screw the Irish people out of 13billion. The EU is calling them out on it. Proper order.
What's ironic is the politicians he supports, are pro globalist and pro centralization of power, eroding sovereignty. Maybe this will wake his ass up.
Did you even read the article? Ireland says Apple doesn't owe them anything!
Read!
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They are not changing Irelands tax law. They are rectifying a situation which constitutes illegal state aid. A tax break and a lump sum of cash have the same effect. It is a subsidy, and it creates unfair competition. If I were to open a business in Ireland, I would not pay 0.005 % of my profits in taxes - Apple does.
Come on, if we're telling others to read... I didn't say they owe Ireland anything. It's just a ludicrously low number (0.005%) tax. I mean, ridiculously low. Undefendable. People on minimum wage pay considerably more than that. It isn't right, and I think you know that.
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Open letters are only written to try to sway public opinion, I'm afraid Tim will find little sympathy from a public that pays high tax rates on declining incomes.
The EC press release said that the allocation method that Ireland used to compute the taxes resulted in Apple's effective tax rate declining from 1% in 2003 down to .005% in 2014. I don't see anywhere where the actual tax rate was changed. Can you quote where you saw the tax rate changed, please?
The same EC press release also says: "two tax rulings issued by Ireland to Apple have substantially and artificially lowered the tax paid by Apple in Ireland since 1991".
So the EC finds this has really been going on since 1991, but you want to hang it all on Timmy's head. Really?
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In retrospect my comment wasn't particularly well articulated. Either of them. I didn't mean to imply "hang it all on Timmy's head". Everybody knew that Apple and most other companies were using Ireland for ages with this sort of thing.
Moreso that no matter how much profit/tax dodging Apple achieve (legally or otherwise), it feels like the customer's still getting hosed. And I think 0.005% was the straw that broke the camel's back. That just seems unthinkable to me and all the dissatisfaction came out in one rambling post.
I've reduced the vitriol a lot though and will take a few deep breaths in future before posting
Thanks for keeping me right, posters.