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[New York Times] How Apple Sidesteps Billions in Taxes - Page 2

post #11 of 199
Quote:
Originally Posted by Malcolm View Post

Yep.
Although, I do remember a couple of years ago Apple had the nerve to ask the US Gov't for a "tax holiday" to bring their cash from foreign banks into the US tax-free, supposedly to "stimulate the economy and create jobs." I raged hard. If our tax code didn't kiss the behinds of the corporations and allow them to skirt the taxes that they owe, our deficit wouldn't be so high.
If I were in charge (and these people better be glad I'm not) they'd be paying 60% and dealing with it.

you kidding? would you start a business knowing that for every dollar you earned 60 cents are taken away by the tax man?
post #12 of 199
Quote:
Originally Posted by Proxyep View Post

you kidding? would you start a business knowing that for every dollar you earned 60 cents are taken away by the tax man?

Tax percentages are figured by income amounts, as always. A starting business wouldn't net $26 billion a year. Apple is most definitely not a starting business. My tax table would be progressive but much higher than current rates on the top end - in that if you make less, you pay less (and none at all if below a certain amount), but if you make a crapload, you pay a crapload. Hence, only the largest and wealthiest of the megacorps would be paying 60%. The current rate of ~40%(?) is too low for the top end, and currently it's being skirted by lenient laws anyway.
Edited by Malcolm - 4/29/12 at 6:29am
post #13 of 199
No hate for Apple, their just doing what the system wants them to do... Kill the middle class.
post #14 of 199
Well since I have a job and pay taxes I know that current government just paints this horrible image of business and taxes the hell out of them. It's a legal business move. So honestly if everyone here had a company and they knew they could completely evade income tax, why wouldn't you do that. And it's legal.
- chmodlabs
post #15 of 199
Quote:
Originally Posted by MasterFire View Post

Did they seriously put the Netherlands in that list? Because that is absolute crockery, no way they've set up shop here for the tax advantage, because there isn't any whatsoever.

You don't know your legal and tax system very well then. Lots of european and american companies and eventually others, have some sort of legal presence in the Netherlands in order to pay less taxes.
 
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post #16 of 199
Apple likes lower taxes too? Good for them, so does everybody else.
post #17 of 199
Quote:
Originally Posted by Kand View Post

Another reason to hate Apple.

Your parents made you wear a helmet to school as a child, didn't they?

I find it humorous how the NYTs targets Apple and not, you know, GE who posts a net loss every.friggin.year.
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post #18 of 199
It's not Apple's fault the loophole exists. They found it exists, so they used it to their advantage. Just like anyone else would. Nothing new here .. rolleyes.gif


/flameshield:ON
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post #19 of 199
Quote:
Originally Posted by Malcolm View Post

Tax percentages are figured by income amounts, as always. A starting business wouldn't net $26 billion a year. Apple is most definitely not a starting business. My tax table would be progressive but much higher than current rates on the top end - in that if you make less, you pay less (and none at all if below a certain amount), but if you make a crapload, you pay a crapload. Hence, only the largest and wealthiest of the megacorps would be paying 60%. The current rate of ~40%(?) is too low for the top end, and currently it's being skirted by lenient laws anyway.

I'm guessing you don't know anything about economics.

You hinder economic growth by overly taxing business/corporations. If you were smart you'd realize lowering taxes on corporate America is overall better for the economy.
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post #20 of 199
Quote:
Originally Posted by JCG View Post

It's not Apple's fault the loophole exists. They found it exists, so they used it to their advantage. Just like anyone else would. Nothing new here .. rolleyes.gif


/flameshield:ON

This, 100x over. The issue is these 'loopholes' are never fixed, therefore allowing this crap to continue. I wish we had a real statistic, one that showed how much money the US is losing to say the 100 most profitable countries in the US by them skirting taxes.
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