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Maybe it's time they paid their fucking taxes like the rest of us.
by funthree 15y ago
Maybe it's time they paid their fucking taxes like the rest of us.
- xenophanes 15y agoIIRC, google pays like 4% taxes and apple like 25%.
- Natsu 15y agoDo you have a source on that?
- xenophanes 15y agohttp://www.advfn.com/p.php?pid=financials&symbol=NASDAQ%3AAAPL http://www.advfn.com/p.php?pid=financials&symbol=NASDAQ%... 24.4% for apple http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho... 2.4% for google
- alanfalcon 15y agoYou're comparing Moogles and Googles here. Why would you source Apple's effective tax rate at http://www.advfn.com/ http://www.advfn.com/ and not point out that on the same website, Google's effective tax rate is 21.4% and not 2.4%?
- clobber 15y agoGoogle is 2.4%, I think. http://news.ycombinator.com/item?id=2783382 http://news.ycombinator.com/item?id=2783382
- thematt 15y agoWhy should they pay tax on that money? It was generated in a foreign country by a foreign corporation and already subjected to foreign taxes. The US didn't expend resources helping them make that money, therefore it doesn't deserve any of it. If anything, we should be encouraging them to bring it back here.
- funthree 15y agoI just meant in the general sense. Google needs to pay their taxes too, but tech companies aren't the only ones evading taxes and getting away with it. Specifically this tax? Maybe not. But that wasn't the point.
- drcube 15y agoApple and Google are foreign corporations? Also, I know people who live and work in foreign countries and haven't stepped foot in the US for decades who still pay tens if not hundreds of thousands of dollars to the US each year in taxes. So yeah, it's unfair that large, American corporations are somehow exempt. I'm as tax-phobic as any red-blooded yank, but if we are going to demand ever increasing government services and entitlements (including corporate welfare), we better be willing to pay for it.
- apress 15y agoThat is not correct. Did you actually read any of the links above? Apple, Google, Microsoft and others shift billions of dollars a year in profits ON SALES IN THE UNITED STATES out of the US and to low tax or no tax countries using clever internal sales agreements with their own subsidiaries over intellectual property licensing. http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho...
- Wentz 15y agoWhy, other than for fairness? I have far more confidence that Apple will spend the money in a way that benefits me than that the government will. They certainly have so far.