Posted on 10/04/2016 5:25:01 PM PDT by Beave Meister
Apple has been named as the biggest corporate tax avoider in the United States after booking $218.55 billion (£171.6 billion) of profit offshore last year.
The tech giant was able to save $65.08 billion (£51.1 billion) that it should have paid in tax thanks to its convoluted arrangements.
The report revealed that last year three quarters of the Fortune 500 companies use subsidiaries in offshore tax havens where they sent a total of $2.42 trillion (£1.9 trillion) of income.
In the US alone this amounted to $715.62 billion (£561.9 billion) in tax which they avoided paying.
The report of said many of the biggest companies in the world use a foreign office to ‘disguise’ their profits as coming from another country even if they are not.
It was published days after Apple announced that it is building a massive new campus in Battersea, South London.
(Excerpt) Read more at dailymail.co.uk ...
Good!
Show me a person who doesn’t do everything possible to avoid paying more taxes than they have to and I’ll show you a blithering, drooling, retarded moron.
how naive.
apple is a phenomenally liberal company that WANTS higher taxes for US, the middle class, as well as the destruction of our way of life
yeah, that’s GOOD!!!! /s
You said “not legal”. I believe you meant “not illegal”, right?
Yes, thanks for the correction.
No. I meant Tax Evasion is not legal.
My Father-in-law is a huge Liberal. Loves the big government. Wants “society” to help all the downtrodden people who are too stupid to help themselves. Wants higher taxes. Much higher taxes. Rich people have GOT to pay their fair share!
Oh, by the way, he worked hard and did extremely well in life. He’s sitting on a big pile on money. And he is inordinately fond of his accountant who is a WIZARD at tax avoidance! FIL loves that guy!
Good for Apple. Makes Trump’s 900M pale in comparison.
If congress wasn’t so damn greedy, that money could be repatriated and putting people to work.
It ain’t news to us working stiffs that pay for the filth sneaking into America and supporting welfare for lazy human waste.
And us that pay for the pinched off welfare cases don’t like it any better.
And your wife’s opinion is - what exactly?
Spoken like a loyal Android user.
Android ... Microsoft =, LIBERAL
I don’t get along with my in-laws at all. But I get along with them better than my wife does.
Another reason why Apple sucks.
You tend to find the most “tax avoidance” in countries run by tax gouging tyrants.
A part of the story you will never hear about from the commie press.
As an Apple shareholder, I say “well done!”
Apple does not discriminate. It screws everyone equally...and the Millennials love it.
I’ve seen many like that, trust me
And the tight fistedness goes hand in hand too. Usually their charitable contributions are far below the average for that level of income
But yeah, they do make sure to claim that $5 deduction for a pair of dirty socks
Most excellent!
How expensive would my phone have been otherwise?
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