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Came in here to say this is a normal thing for all businesses to do and then: > The untold story of Apple and its taxes wends its way from Cork, Ireland, to Ne
by FussyZeus 10y ago
Came in here to say this is a normal thing for all businesses to do and then:
> The untold story of Apple and its taxes wends its way from Cork, Ireland, to New York and then Reno, Nevada. But according to tax experts interviewed by Bloomberg News, the maker of iPhones is hardly unique. Many of the biggest U.S. multinationals have seized on the same exemption, which lets them avoid or delay repatriation taxes by buying Treasuries with their overseas cash.
So the author is openly acknowledging that Apple is only in the headline because clicks.
Businesses taking advantage of a broken tax system is no fault of the businesses, it's the fault of the system. Instead of criticizing companies for taking advantage of the loopholes, fix the damn loopholes.