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After a Tax Crackdown, Apple Found a New Shelter for Its Profits (2017)
- thrill 8y agoLet's rewrite that headline: "Due to continued short sighted tax laws in the United States, Apple and other companies keep their wealth offshore"
- wnevets 8y agoshort sighted how?
- arcticbull 8y agoWithout taking a side, I'm also curious what specifically OP thought was short-sighted, or if it was just the result post facto indicating short-sightedness.
- sbenitoj 8y agoOne of the most profitable companies in the world definitely needs to have more of their wealth extracted by the least profitable organization in the world — USG.
- the8472 8y agoThey charge 30% for app store transactions for the paltry amount of services they provide. Governments provide far more services from which the corporations benefit, so if apple can charge that much so can any govt.
- arcticbull 8y agoGovernments aren't intended to be profitable, they're provided in the public good, not their own. You should look at governments as massive non-profits.
- sbenitoj 8y ago“Indeed, tax strategies like the ones used by Apple — as well as Amazon, Google, Starbucks and others — cost governments around the world as much as $240 billion a year in lost revenue, according to a 2015 estimate by the Organization for Economic Cooperation and Development.” Awww poor little governments not getting their fair share...
- skullborg 8y agoIt’s more like, poor working SOBs getting robbed of services that tax funds should’ve been going to
- sbenitoj 8y agoIt’s amazing how many socialists there are on this forum. People don’t need governments to provide terrible services to meet their needs.
- sbenitoj 8y agoAnyone care to refute the proposition rather than just downvote?
- b_tterc_p 8y ago1) many people depend on government services 2) calling anyone who recognizes utility of government services is unnecessary and just incorrect 3) suggesting that everyone can take of themselves is simply not true. Some people need help. 4) tone is dickish
- sbenitoj 8y ago1) does that mean they’re entitled to them? Why can’t these needs be met by those people, their families, or simply remain unmet? 2) socialism = redistribution of wealth; govt services are redistribution of wealth 3) didn’t say everyone can take care of themselves, many people can’t take care of themselves now even WITH govt assistance, it’s completely beside the point 4) true
- Thorrez 8y ago(2017)