Apple tax avoidance Ping!
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All of this is allowed because of the tax laws that Senators write on a weekly basis. What’s the big deal...roughly 70k pages of tax code...written by professional Senators.
Good for Apple.
The author thinks hiding money offshore is a problem, but he doesn’t understand how to solve it. If the United States was the lowest cost place to do business and pay taxes, all that hidden money would come onshore with the click of a mouse button.
Smart company
The less money this pathetic government of ours gets the better!
F U B O !
I still don't understand why it is a big deal.
It's legal. It's good business practice to employ favorable tax provisions.
In the larger picture, Apple makes much better use of it's revenue than the government. And that is to the advantage of everyone for them to do so.
So stop whining and compete! Those “tax havens” only attract profits because they aren’t as greedy in the taxation of it. Why do you feel entitled to cut yourself as big a chunk of someone else’s pie as you want, then complain when he seeks out better associates? Seems like YOU’RE the problem and trying to blame the victim (or his other friends that DON’T screw him) for it.
Good for Apple. If all our corporations had been this intelligent, the Federal government would have been forced to do less and we would have more freedom. Handing your hard-earned profits over to these scoundrels so they can buy votes is worse than flushing them down the toilet.
Pres. Reagan’s advice: “Starve the Beast.”
“and on the 30-year fixed, 3.883 percent”
Anyone buying those bonds is utterly insane.
BTW, what Apple is really doing here is shorting the dollar by borrowing ones they don’t have with the expectation that they’ll be paying back with cheaper ones.
The only real question is what they intend on doing with them in the mean time? It really doesn’t them a whole lot of good to sit on them other than as a passive protection against inflation.
I don’t see what the big deal is. The U.S. government shouldn’t get their hands on money Apple earned overseas, that Apple is reinvesting overseas. On money earned in the U.S., yes, but no elsewhere. Apple is a world-wide company, building infrastructure elsewhere for supporting sales elsewhere. No different than Ford or Coca-Cola building factories in China and Africa to do business there. This is not new, lots of U.S. companies have done this for many years.
If Apple sells an iPad in Belgium that was made in China and shipped the Europe, and paid for with Euros, does the US havea right to a penny of that profit?
I cannot understand for a second why it would.
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The cheap bast@rds at Apple (make that cheap liberal bast@rds) cannot bring those earnings home to America without paying US taxes on them. Boo hoo hoo. They should pay a decent tax rate or let that stash get moldy and turn to dust, I could care less
Apple makes all its stuff outside of America anyways. No one is stopping those cheap bast@rds from building their own chip plant or assembly plant in China, Vietnam or India since they have so many geniuses on staff there why not? Answer is that Apple prefers to contract out what it needs to be made by Chinese slave labor so it cannot be blamed or protested by its own lefty audience. Better for Foxconn to be blamed so the cheap bast@rds contract out to Foxconn