4 ms·

>if they were doing anything illegal by keeping that $269B outside of the U.S. You've reversed cause and effect. They keep the money outside the U.S. to legall

by danjoc 9y ago

>if they were doing anything illegal by keeping that $269B outside of the U.S. You've reversed cause and effect. They keep the money outside the U.S. to legally avoid the taxes. They can't bring it back. They'd rather horde the cash than contribute Apple's fair share to the country that made Apple's success possible. Deplorable.

macintux 9y ago
I’m sure you would find Apple pays plenty in American taxes. 35% is a huge haircut to take on money earned outside the United States. The shareholders would correctly be out for blood.
- danjoc 9y ago
  >I’m sure you would find Apple pays plenty in American taxes. I found Apple incorrectly reports to investors taxes paid. "For example, in fiscal year 2011, on its 10-K reports filed with the U.S. Securities and Exchange Commission, Apple said it paid $6.9 billion in taxes to the U.S. government, but on its tax return filed with the U.S. Internal Revenue Service, it reported taxes due of $2.5 billion, the report said." https://www.infoworld.com/article/2614464/techology-business/senate-report--apple-claims-subsidiaries-to-avoid-paying-billions-in-taxes-each-y.html https://www.infoworld.com/article/2614464/techology-business... So yeah, I'm sure you think they pay a lot of money. >35% is a huge haircut to take on money earned outside the United States. 30% is a huge haircut to take on money earned outside the app store, but Apple still demands that too. Suddenly Apple's in favor of taxes. Developer taxes.
  - macintux 9y ago
    What’s more likely? That the SEC ignored Apple blatantly lying to shareholders or that the Senate subcommittee doesn’t actually understand how corporate taxes work? Given that I cannot find any follow-up to that story, I don’t know which if either is correct, but I am skeptical.
  - toasterlovin 9y ago
    All I can say is thank God we live under the rule of law and not the rule of the mob.
clarky07 9y ago
Alternately, how about the US not have absurd laws taxing money made in other countries? This is not a normal thing and most countries don't work this way. If we had sane tax laws, Apple (and ever other multi-national company that works exactly the same way) would bring the money back and put it to work in the US

by danjoc 9y ago

macintux 9y ago

I’m sure you would find Apple pays plenty in American taxes. 35% is a huge haircut to take on money earned outside the United States. The shareholders would correctly be out for blood.

danjoc 9y ago
>I’m sure you would find Apple pays plenty in American taxes. I found Apple incorrectly reports to investors taxes paid. "For example, in fiscal year 2011, on its 10-K reports filed with the U.S. Securities and Exchange Commission, Apple said it paid $6.9 billion in taxes to the U.S. government, but on its tax return filed with the U.S. Internal Revenue Service, it reported taxes due of $2.5 billion, the report said." https://www.infoworld.com/article/2614464/techology-business/senate-report--apple-claims-subsidiaries-to-avoid-paying-billions-in-taxes-each-y.html https://www.infoworld.com/article/2614464/techology-business... So yeah, I'm sure you think they pay a lot of money. >35% is a huge haircut to take on money earned outside the United States. 30% is a huge haircut to take on money earned outside the app store, but Apple still demands that too. Suddenly Apple's in favor of taxes. Developer taxes.
- macintux 9y ago
  What’s more likely? That the SEC ignored Apple blatantly lying to shareholders or that the Senate subcommittee doesn’t actually understand how corporate taxes work? Given that I cannot find any follow-up to that story, I don’t know which if either is correct, but I am skeptical.
- toasterlovin 9y ago
  All I can say is thank God we live under the rule of law and not the rule of the mob.

clarky07 9y ago

Alternately, how about the US not have absurd laws taxing money made in other countries? This is not a normal thing and most countries don't work this way. If we had sane tax laws, Apple (and ever other multi-national company that works exactly the same way) would bring the money back and put it to work in the US