[Vision2020] A Wormy Apple

[Paul Rumelhart]

I think they should contribute.  I'm all for getting rid of loopholes and simplifying the tax code.  At the same time, I'm for lowering the corporate tax rate so that (hopefully) they will have less incentive to try to find these kinds of tax breaks.  If we simplify the tax code, maybe we can shrink the size of the IRS in the bargain.

If it's legal for Apple to do what they are doing (and it appears it is), then they have the right to make use of whatever existing tax rules minimize their tax burden.  The same is true for individuals.  I believe there was a Supreme Court case that ruled on this.

I agree with Rand Paul on this one.  The problem isn't Apple, the problem is Congress and our convoluted tax code.

Paul




________________________________
 From: Art Deco <art.deco.studios at gmail.com>
To: vision2020 at moscow.com 
Sent: Tuesday, May 21, 2013 10:58 AM
Subject: Re: [Vision2020] A Wormy Apple
 


So here is a company making billions and billions using physical and social infrastructure which we as taxpayers help to construct and maintain, and they should not contribute toward that?


Wonderful.

w.




On Tue, May 21, 2013 at 12:55 PM, Paul Rumelhart <godshatter at yahoo.com> wrote:

Here's a quote from Rand Paul on the hearings:
>
>"I'm offended by the 
spectacle of dragging in executives from an American company that is not doing anything illegal," he added. "If anyone should be on trial, it 
should be Congress." 
>
>My sentiments exactly.  Quote from: http://www.businessinsider.com/rand-paul-congress-not-apple-should-be-on-trial-for-taxes-2013-5
>
>Paul
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>________________________________
> From: Art Deco <art.deco.studios at gmail.com>
>To: Paul Rumelhart <godshatter at yahoo.com> 
>Sent: Tuesday, May 21, 2013 9:01 AM
>
>Subject: Re: [Vision2020] A Wormy Apple
> 
>
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>@Paul,
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>Yes.  But much easier said then done when large corporations now contribute so much to elected officials.  They don't do it for altruistic purposes, but for bottom line purposes, i.e. buying face time.
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>w.
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>On Tue, May 21, 2013 at 11:00 AM, Paul Rumelhart <godshatter at yahoo.com> wrote:
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>They haven't actually broken any laws that I can tell.  If the law allows this kind of tom-foolery, then it's no wonder corporations make use of it.  If we want this to change, we must change the laws.
>>
>>Paul
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>>________________________________
>> From: Scott Dredge <scooterd408 at hotmail.com>
>>To: Art Deco <art.deco.studios at gmail.com>; viz <vision2020 at moscow.com> 
>>Sent: Monday, May 20, 2013 6:41 PM
>>Subject: Re: [Vision2020] A Wormy Apple
>> 
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>>
>>Apple shareholders are likely very pleased about this tax avoidance.
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>>________________________________
>>Date: Mon, 20 May 2013 17:48:27 -0400
>>From: art.deco.studios at gmail.com
>>To: vision2020 at moscow.com
>>Subject: [Vision2020] A Wormy Apple
>>
>>
>>  | BREAKING NEWS ALERT  NYTimes.com  | Unsubscribe  
>>BREAKING NEWS Monday, May 20, 2013 5:08 PM EDT  
>>Apple Avoided Billions in Taxes, Congressional Panel Says 
>>Even as Apple became the nation’s most profitable technology company,
it avoided billions in taxes in the United States and around the world through a
web of subsidiaries so complex it spanned continents and surprised experts, a
Congressional investigation has found. 
>>Some of these subsidiaries had no
employees and were largely run by top officials from the company’s
headquarters in Cupertino, Calif., according to Congressional investigators. But
by officially locating them in places like Ireland, Apple was able to, in
effect, make them stateless – exempt from taxes, record-keeping laws and
the need for the subsidiaries to even file tax returns anywhere in the
world. 
>>In 2011, for example, one subsidiary paid Ireland just
one-twentieth of 1 percent in taxes on $22 billion on pretax earnings from
various operations; another did not file a corporate tax return anywhere and has
paid almost nothing on $30 billion in profits since 2009. 
>>READ MORE »http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?emc=na    
>>
>>-- 
>>Art Deco (Wayne A. Fox)
>>art.deco.studios at gmail.com
>>
>>
>>
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>
>
>-- 
>Art Deco (Wayne A. Fox)
>art.deco.studios at gmail.com
>
>
>
>
>


-- 
Art Deco (Wayne A. Fox)
art.deco.studios at gmail.com



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