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How is this narrative still around? It only takes a few minutes of searching to find out that Apple pays more US tax than almost any other corporation in the co
by jp555 9y ago
How is this narrative still around? It only takes a few minutes of searching to find out that Apple pays more US tax than almost any other corporation in the country (just a couple oil companies pay more). Apple pays $16B of the total $450B the US collects from all companies. Total US tax receipts are ~2.2T.
- danjoc 9y ago>Apple pays more US tax than almost any other corporation It's not about what you pay. It's about what you owe. In Apple's case, Apple owes a lot more than it pays. Tax avoidance == leeches.
- clarky07 9y agoNo, they pay exactly what they owe. It is in fact their job to follow the law and find ways to pay as little taxes as possible under the law, which is what they do.
- mpweiher 9y agoExcept that the European Commission has determined that they did not pay what they owe. Tax avoidance/evasion by multinationals in Europe was insane. Fortunately the EU is now cracking down on that.
- nikcub 9y agoOnly if you believe in a world where the USA has a right to tax all income everywhere
- rusk 9y agoThe way it works is, in the USA they tell them they earn this much, in jurisdiction B they tell them they earn that much. Jurisdiction B says "Oh well the majority, Y% of your value is created in the USA so we won't tax you on Y%". So jurisdiction B forgoes that Y% tax, and then the USA doesn't tax it either, and that then goes onto the bottom line! Now, you could say, that's Jurisdiction B's business, but it doesn't undermine the fact that they save a huge amount of tax off their profits courtesy of Jurisdiction B, and this has a highly significant effect on their earnings. What gets really interesting is if Jurisdiction B is part of a larger "Bloc E". They can effectively do business in Bloc E at a highly discounted rate relative to competitors, and even native businesses, and other members of Bloc E start to complain. Who loses out here? Everybody but the tax efficient "Company A" and a bunch of insiders in Jurisdiction B.
- danjoc 9y agoTax avoidance is the moral equivalent of draft dodging. Dodgers don't participate in the war their wealthy parents started. Maybe some day the spaceship catches fire and burns to the ground with everyone trapped inside, because the fire dept was ironically unfunded due to lack of tax revenue. I won't feel sorry for them if that happens, as they will have deserved it.
- jpttsn 9y agoIt must be awful to have Apple leeching of your hard work.
- jp555 9y agoImagine how much personal income tax Apple’s 100,000+ employees pay, accross all jurisdictions, and all the VAT tax collected for their products sold around the world. Those leeches!
- lightbyte 9y agoI'm not sure how their employee's taxes are relevant. Those people would still be paying taxes if they went and got a job at a different company.