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> Cook: [...] Apple has long supported international tax reform with the objectives of simplicity and clarity. > Gardner: That bit made me laugh out loud. When
by jmmcd 10y ago
> Cook: [...] Apple has long supported international tax reform with the objectives of simplicity and clarity.
> Gardner: That bit made me laugh out loud. When the Senate’s permanent subcommittee was describing the elaborate tax-avoidance techniques used by Apple, they had to use flowcharts to explain it. The incredible complexity and creativity in the Apple tax-avoidance scheme is almost admirable. But to say that they are interested in simplicity and clarity is laughable.
This is a failure of reading comprehension by Gardner, which could only be brought about by bias. Cook is not saying Apple's current arrangements are simple. He's saying that he would like to see reform so that using simple arrangements instead would not be detrimental to Apple.
- pawadu 10y agoYou comment makes zero sense. Apple themselves created an extremely complex chain of operations to avoid paying taxes, nobody forced them to do it.
- pas 10y agoThey basically have an obligation to their shareholders, so the market forced them to do it.
- draw_down 10y agoYeah, the clear and simple tax arrangement they seek is "Apple pays as close to zero in taxes as absolutely possible".