Overclock.net › Forums › Industry News › Technology and Science News › [New York Times] How Apple Sidesteps Billions in Taxes
New Posts  All Forums:Forum Nav:

[New York Times] How Apple Sidesteps Billions in Taxes - Page 3

post #21 of 199
Quote:
Originally Posted by Al plants Corn View Post

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.

LOL, clearly...given that the US currently has among the world's lowest corporate tax rates and yet we're in such a marvelous economic situation right now rolleyes.gif

The failure of trickle-down economics in benefiting anyone but the corporations themselves has been made fairly obvious in recent years, especially over the last decade. I'm honestly surprised people still buy into this "taxes are bad for the economy" nonsense after all the damage done by trickle-down. Historically, the top tax rate was much higher (in the 1970s and previous).

Please explain how taxing Apple at a rate of 60% (assuming $26 billion in profit, leaving them with a paltry $15,600,000,000) would be bad for the economy. You do realize lower taxes = lower tax revenue and increased deficit, right?
Edited by Malcolm - 4/29/12 at 7:43am
post #22 of 199
sad, those taxes help to pay for the roads and infastruture that gets those items on store shelfs. There should be laws in place that curb this practice. If only we could set up a one room shop in some no tax state and never pay a penny in taxes again.... im sure someone would put a stop to that instantly. Guess that $5 left over on my pay does not grease enough palms to allow the average joe this right rolleyes.gif
post #23 of 199
Wouldn't it be easier if the US just had lower tax rates than the other countries so that corporations aren't motivated to do this?
It's not dead yet
(13 items)
 
  
CPUMotherboardGraphicsRAM
Phenom II 940 stock, for now DFI Lanparty LP DK 790FX am2+ HIS Radeon HD 3850 Mushkin 4gb DDR2 800 
Hard DriveOSMonitorPower
250gb Seagate + 500gb Seagate Windows 7, XP, Ubuntu HP 2159m 1920x1080 Rosewill 500 watt 
Case
Raidmax Smilodon Black 
  hide details  
Reply
It's not dead yet
(13 items)
 
  
CPUMotherboardGraphicsRAM
Phenom II 940 stock, for now DFI Lanparty LP DK 790FX am2+ HIS Radeon HD 3850 Mushkin 4gb DDR2 800 
Hard DriveOSMonitorPower
250gb Seagate + 500gb Seagate Windows 7, XP, Ubuntu HP 2159m 1920x1080 Rosewill 500 watt 
Case
Raidmax Smilodon Black 
  hide details  
Reply
post #24 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

I'd wager most of us use tax loopholes ourselves. Technically, if someone doesn't keep track of every dollar spent online that doesn't have state sales tax applied, they are exploiting the inability for the state to track that sale for taxes, unless they voluntarily report it. IIRC it's illegal in every state that has sales tax to not track and report online purchases, and then pay sales tax on them. If someone is not doing this, then I don't think they have a right to bash Apple for legally avoiding paying a tax. With every other business doing it, it would be a stupid move on Apple's part to disadvantage themselves like that. I'm not saying that what they are doing is right, but rather it is natural given the tax environment. If a state wants to jack up corporate tax rates, why should the corporation not relocate to where they are lesser? When my home city raised property taxes, many people relocated to just outside city limits, which put the city in a worse off position then it was before they raised them.
G36 "Terminus"
(13 items)
 
  
CPUMotherboardGraphicsRAM
Xeon X3440 OC 3.0Ghz EVGA P55 LE XFX Radeon HD 5770 4Gb Ripjaws DDR3 2000 
Hard DriveOptical DriveOSMonitor
WD Black 750Gb Sony Optiarc Windows 7 Pro Sceptre 22'' Widescreen 
KeyboardPowerCaseMouse
G15 Antec True Power 750 watt CM Storm Scout Microsoft 
  hide details  
Reply
G36 "Terminus"
(13 items)
 
  
CPUMotherboardGraphicsRAM
Xeon X3440 OC 3.0Ghz EVGA P55 LE XFX Radeon HD 5770 4Gb Ripjaws DDR3 2000 
Hard DriveOptical DriveOSMonitor
WD Black 750Gb Sony Optiarc Windows 7 Pro Sceptre 22'' Widescreen 
KeyboardPowerCaseMouse
G15 Antec True Power 750 watt CM Storm Scout Microsoft 
  hide details  
Reply
post #25 of 199
Quote:
Originally Posted by Kand View Post

Another reason to hate Apple.

This.
Trinity
(19 items)
 
  
CPUMotherboardGraphicsRAM
AMD A10-5800K Biostar Hi-Fi A85W APU Integrated Graphics G.Skill 8GB (2 x 4GB) 1600MHz CL9 
Hard DriveHard DriveOptical DriveCooling
Crucial M4 64GB Western Digital WD Blue 500GB Lite-On iHAS124 CD/DVD Burner Cooler Master Hyper 212 EVO (Pull Configuration) 
OSMonitorMonitorKeyboard
Windows 7 Home Premium 64-Bit NEC MultiSync LCD1970VX NEC MultiSync LCD1970VX Filco Majestouch Black w/ Cherry MX Blue (JIS l... 
PowerCaseMouseMouse Pad
Corsair CX430 NZXT Source 220 Logitech Click! Mouse SteelSeries QcK Mini Diablo III Edition 
AudioAudioOther
Sony SRS-T10PC USB Portable Speaker Realtek Onboard Audio Intel Centrino Desktop Wireless 
  hide details  
Reply
Trinity
(19 items)
 
  
CPUMotherboardGraphicsRAM
AMD A10-5800K Biostar Hi-Fi A85W APU Integrated Graphics G.Skill 8GB (2 x 4GB) 1600MHz CL9 
Hard DriveHard DriveOptical DriveCooling
Crucial M4 64GB Western Digital WD Blue 500GB Lite-On iHAS124 CD/DVD Burner Cooler Master Hyper 212 EVO (Pull Configuration) 
OSMonitorMonitorKeyboard
Windows 7 Home Premium 64-Bit NEC MultiSync LCD1970VX NEC MultiSync LCD1970VX Filco Majestouch Black w/ Cherry MX Blue (JIS l... 
PowerCaseMouseMouse Pad
Corsair CX430 NZXT Source 220 Logitech Click! Mouse SteelSeries QcK Mini Diablo III Edition 
AudioAudioOther
Sony SRS-T10PC USB Portable Speaker Realtek Onboard Audio Intel Centrino Desktop Wireless 
  hide details  
Reply
post #26 of 199
Quote:
Originally Posted by Dronac View Post

IIRC it's illegal in every state that has sales tax to not track and report online purchases, and then pay sales tax on them. If someone is not doing this, then I don't think they have a right to bash Apple for legally avoiding paying a tax.

Surprise surprise, I'm sure this relates to 99.9% of people on OCN.

However since the article is related to Apple being "shady", every PC fanboy here gets a little tingle in their pants and posts crap like "Another reason to hate Apple" (even though those people are most likely exploiting the tax system just like Apple is).

Oh the irony.
Edited by ImmortalKenny - 4/29/12 at 8:11am
Time Sink
(21 items)
 
 
CPUMotherboardGraphicsRAM
Intel 2500k ASUS Sabertooth Z77 EVGA GTX 670 FTW G.Skill Ripjaws 8GB (2x4GB) DDR3 1600 
Hard DriveHard DriveHard DriveCooling
Samsung F3 1TB Crucial C300 128GB Corsair Force GT 60GB Noctua NH-U12P 
OSOSMonitorMonitor
Windows 8.1 Professional x64 Apple OS X Mavericks HP ZR24w LG IPS226V 
KeyboardPowerCaseMouse
Razer BlackWidow Seasonic X750 Lian-Li PC-A05B Logitech M500 
Mouse PadAudioAudioAudio
Mionix Propus 380 Zero USB DAC (2009 Version) Emotiva Pro airmotiv 4 Beyerdynamic DT990 600ohm 
Audio
Shure SRH-840 
  hide details  
Reply
Time Sink
(21 items)
 
 
CPUMotherboardGraphicsRAM
Intel 2500k ASUS Sabertooth Z77 EVGA GTX 670 FTW G.Skill Ripjaws 8GB (2x4GB) DDR3 1600 
Hard DriveHard DriveHard DriveCooling
Samsung F3 1TB Crucial C300 128GB Corsair Force GT 60GB Noctua NH-U12P 
OSOSMonitorMonitor
Windows 8.1 Professional x64 Apple OS X Mavericks HP ZR24w LG IPS226V 
KeyboardPowerCaseMouse
Razer BlackWidow Seasonic X750 Lian-Li PC-A05B Logitech M500 
Mouse PadAudioAudioAudio
Mionix Propus 380 Zero USB DAC (2009 Version) Emotiva Pro airmotiv 4 Beyerdynamic DT990 600ohm 
Audio
Shure SRH-840 
  hide details  
Reply
post #27 of 199
Quote:
Originally Posted by Malcolm View Post

LOL, clearly...given that the US currently has among the world's lowest corporate tax rates and yet we're in such a marvelous economic situation right now rolleyes.gif
The failure of trickle-down economics in benefiting anyone but the corporations themselves has been made fairly obvious in recent years, especially over the last decade. I'm honestly surprised people still buy into this "taxes are bad for the economy" nonsense after all the damage done by trickle-down. Historically, the top tax rate was much higher (in the 1970s and previous).
Please explain how taxing Apple at a rate of 60% (assuming $26 billion in profit, leaving them with a paltry $15,600,000,000) would be bad for the economy. You do realize lower taxes = lower tax revenue and increased deficit, right?

http://www.nytimes.com/2011/05/03/business/economy/03rates.html

"Topping out at 35 percent, America’s official corporate income tax rate trails that of only Japan, at 39.5 percent, which has said it plans to lower its rate."
Quote:
Originally Posted by Malcolm View Post

Historically, the top tax rate was much higher (in the 1970s and previous).

That was income tax, not corporate tax. Apples to oranges ...
Quote:
Originally Posted by Malcolm View Post


Please explain how taxing Apple at a rate of 60% (assuming $26 billion in profit, leaving them with a paltry $15,600,000,000) would be bad for the economy.

Because corporations are large and mobile. Tax them high and they will simply move to another country.
Quote:
Originally Posted by Malcolm View Post


You do realize lower taxes = lower tax revenue and increased deficit, right?

You do realize that you can decrease spending at the same time, right?

Bad information, bad premise, bad reasoning.
post #28 of 199
Like others said, this is very universal and a tactic used by many corporations.
Steak_N_Eggs
(17 items)
 
ESXi 5.x Server
(13 items)
 
 
CPUMotherboardGraphicsRAM
Intel 2500K @ 4.8GHz 1.36v ASRock P67 Extreme4 Gen3 Sapphire Radeon HD 6970 8GB Corsair Vengeance 1600MHz 
Hard DriveHard DriveOptical DriveCooling
Kingston HyperX 3K 120GB x2 Samsung Spinpoint f3 1TB Donkey with Laser Pointer CoolerMaster Hyper 212+ 
OSMonitorMonitorKeyboard
Windows 8.1 Pro with Media Center 2008 Apple Cinema HD Display 23" Samsung 2443BWX Logitec K750 Solar & Steelseries Zboard 
PowerCaseMouseMouse Pad
Corsair hx650w Corsair Graphite 600t Logitec M705 & Razer DeathAdder IAMS pet food Vet Clinic pad 
Audio
M-Audio Studio LX-4 5.1 
CPUMotherboardGraphicsRAM
AMD FX 8320 Stock ASRock Extreme 3 970 ATX Radeon HD 2400 32GB Corsair Vengeance Black CL9  
Hard DriveHard DriveHard DriveCooling
Seagate 2TB 64MB 7200RPM Seagate 320GB 16MB 7200RPM Seagate 500GB 16MB 7200RPM CoolerMaster GeminII S524 
OSPowerCaseOther
VMWare ESXi 5.1 Corsair CX500 80 Plus CoolerMaster Elite 361 Intel PRO/1000 PT Dual Port Server 
Other
Intel PRO/1000 PT Dual Port Server 
CPUMotherboardGraphicsRAM
Intel Core i7 "Sandy Bridge" @ 2.7GHz Apple Logic Board Intel 3000 8GB Crucial 1600MHz 
Hard DriveOptical DriveCoolingOS
Crucial M4 - 128GB Apple Super Drive Stock OSX Mountain Lion 
OSMonitorKeyboard
Windows 7 Ultimate 64bit 13" Apple IPS Backlit Chiclet 
  hide details  
Reply
Steak_N_Eggs
(17 items)
 
ESXi 5.x Server
(13 items)
 
 
CPUMotherboardGraphicsRAM
Intel 2500K @ 4.8GHz 1.36v ASRock P67 Extreme4 Gen3 Sapphire Radeon HD 6970 8GB Corsair Vengeance 1600MHz 
Hard DriveHard DriveOptical DriveCooling
Kingston HyperX 3K 120GB x2 Samsung Spinpoint f3 1TB Donkey with Laser Pointer CoolerMaster Hyper 212+ 
OSMonitorMonitorKeyboard
Windows 8.1 Pro with Media Center 2008 Apple Cinema HD Display 23" Samsung 2443BWX Logitec K750 Solar & Steelseries Zboard 
PowerCaseMouseMouse Pad
Corsair hx650w Corsair Graphite 600t Logitec M705 & Razer DeathAdder IAMS pet food Vet Clinic pad 
Audio
M-Audio Studio LX-4 5.1 
CPUMotherboardGraphicsRAM
AMD FX 8320 Stock ASRock Extreme 3 970 ATX Radeon HD 2400 32GB Corsair Vengeance Black CL9  
Hard DriveHard DriveHard DriveCooling
Seagate 2TB 64MB 7200RPM Seagate 320GB 16MB 7200RPM Seagate 500GB 16MB 7200RPM CoolerMaster GeminII S524 
OSPowerCaseOther
VMWare ESXi 5.1 Corsair CX500 80 Plus CoolerMaster Elite 361 Intel PRO/1000 PT Dual Port Server 
Other
Intel PRO/1000 PT Dual Port Server 
CPUMotherboardGraphicsRAM
Intel Core i7 "Sandy Bridge" @ 2.7GHz Apple Logic Board Intel 3000 8GB Crucial 1600MHz 
Hard DriveOptical DriveCoolingOS
Crucial M4 - 128GB Apple Super Drive Stock OSX Mountain Lion 
OSMonitorKeyboard
Windows 7 Ultimate 64bit 13" Apple IPS Backlit Chiclet 
  hide details  
Reply
post #29 of 199
mm!people pay tax on what they buy,almost anything!since apple goods are coming from outside i bet their expense in america are very low(web buying via non-taxed site etc)this is why assembled in america plain doesnt work ,and apple make it looking even worst!other corproate struggle to be in america so why apple should be allowed to sidestep every freaking rule in place is beyond me!tax arent there to hurt,they are there to make sure that if you use you pay.like me i drive to deliver to la.there are full taxes and all kind of other mecanism to make sure if i costed 1 cent per mile (exemple)in futur road repair,the taxes get paid to usa to do them in the futur!the one responsible should look into this and change the law if apple found a loop hole,microsoft live with those same rule!
post #30 of 199
Quote:
Originally Posted by Malcolm View Post

LOL, clearly...given that the US currently has among the world's lowest corporate tax rates and yet we're in such a marvelous economic situation right now rolleyes.gif
The failure of trickle-down economics in benefiting anyone but the corporations themselves has been made fairly obvious in recent years, especially over the last decade. I'm honestly surprised people still buy into this "taxes are bad for the economy" nonsense after all the damage done by trickle-down. Historically, the top tax rate was much higher (in the 1970s and previous).
Please explain how taxing Apple at a rate of 60% (assuming $26 billion in profit, leaving them with a paltry $15,600,000,000) would be bad for the economy. You do realize lower taxes = lower tax revenue and increased deficit, right?

The real problem is two fold. First, these loopholes are used to entice companies to create jobs in the us. The problem with that? Apple does nothing for jobs in the us. There are thousands of other companies that could benefit from doing what apple is doing, but you know what, those companies have morals, unlike apple.

The 2nd problem is the everyday worker probably pays more in taxes overall than apple does. But there are no loopholes to give them a way out. Not to even get into the fact that income taxes are illegal in the first place..
Edited by Papas - 4/29/12 at 8:45am
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Technology and Science News
Overclock.net › Forums › Industry News › Technology and Science News › [New York Times] How Apple Sidesteps Billions in Taxes