This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
And when Apple didn't pay the taxes asked and set by the irish goverment?
The trouble is Apple barely pays taxes anywhere. Forget Ireland, it's a US company, it should be paying tax there but instead it sets up an obscure corporate structure in multiple countries and non countries to dodge contributing to the society it functions in. Ignore for a second that it's Apple - do you believe corporations should be paying tax and therefore contributing to education, healthcare, the police, infrastructure, and the social system?
What i believe is that goverments should put in place clearly stated rules to avoid gaming the system in this way, Apple isn't the only company doing this, your comment implies an outrage tha capitalist companies take advantage of the tax system to maximize profit wich is the nature of every conpany, the anger should be focuse towards the goverment is as if you where getting angry to someone that punched you with your explicit permission, and not only that you are begging to be zunche. This is plain an simple gouging because someone didnt like the deal after they agreed on it.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
And when Apple didn't pay the taxes asked and set by the irish goverment?
The trouble is Apple barely pays taxes anywhere. Forget Ireland, it's a US company, it should be paying tax there but instead it sets up an obscure corporate structure in multiple countries and non countries to dodge contributing to the society it functions in. Ignore for a second that it's Apple - do you believe corporations should be paying tax and therefore contributing to education, healthcare, the police, infrastructure, and the social system?
And who set up the rules that allows companies to do this, greedy politician who lobbyist paid them to pass laws which undercut the government ability to do what it right. By the way companies pay tax on every person that works for them which they do not benefit from, example social security, the employee pays 7% and so does the company, the government is collecting about 15% from every company for social security. They also pay sales tax on things they sell, they pay importation taxes to bring things into a country. Here is another interesting part the government under GAAP rules does not required companies to call out all the taxes they actually pay to the governments why because the government does not want the public knowing all the taxes companies actually pay.
The only way to solve this problem is a flat tax, paid on total revenue before any expenses or deduction. Everyone pays no matter how much the make. But today the government created all kind of ways to allow anyone to reduce their taxes as long as it falls within the rules they laid out. If you want companies to pay more, tell your congressmen to get rid of the complicated rules.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
franklinjackcon do you pay more taxes than the government requires?? I am sure you don't so why don't you SHUT UP!!!
I can assure you that i have not set up subsidiaries around the world to reduce my tax bill in the country I work/live/enjoy social services and if I had, and the tax man came knocking, I wouldn't be trying to claim it's an acceptable business practice.
Is there any law about doing that I think not what you say holds no water so now it is time to SHUT UP AND GO AWAY!!!
It all comes down to whether the EU can legally justify viewing transfer pricing as a form of competitive subsidy. There isn't really a precedent for that in prior EU rulings that fell under state-aid laws.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
And when Apple didn't pay the taxes asked and set by the irish goverment?
The trouble is Apple barely pays taxes anywhere. Forget Ireland, it's a US company, it should be paying tax there but instead it sets up an obscure corporate structure in multiple countries and non countries to dodge contributing to the society it functions in. Ignore for a second that it's Apple - do you believe corporations should be paying tax and therefore contributing to education, healthcare, the police, infrastructure, and the social system?
What i believe is that goverments should put in place clearly stated rules to avoid gaming the system in this way, Apple isn't the only company doing this, your comment implies an outrage tha capitalist companies take advantage of the tax system to maximize profit wich is the nature of every conpany, the anger should be focuse towards the goverment is as if you where getting angry to someone that punched you with your explicit permission, and not only that you are begging to be zunche. This is plain an simple gouging because someone didnt like the deal after they agreed on it.
I have two problems with what you say. If punching suddenly became legal, I wouldn't go around punching anyone and yes I would blame both the government and the people who decided they would take advantage of that new law. Second, clearly stated rules are very difficult to put in place when you have companies like Apple and Google willing to spend a fortune finding ways around the laws. It's whac-a-mole. Yes the US has allowed companies not to pay tax until it's repatriated but that isn't the issue, it's the tax avoidance on international operations by attributing profit to an international, stateless entity where no taxes are paid. The US will struggle to implement taxation laws to prevent it unless every country gets together and agrees, which will never happen. Corporations need to play their part too
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
franklinjackcon do you pay more taxes than the government requires?? I am sure you don't so why don't you SHUT UP!!!
I can assure you that i have not set up subsidiaries around the world to reduce my tax bill in the country I work/live/enjoy social services and if I had, and the tax man came knocking, I wouldn't be trying to claim it's an acceptable business practice.
Is there any law about doing that I think not what you say holds no water so now it is time to SHUT UP AND GO AWAY!!!
So now Ireland is asked to collect a corporate tax they do not want to collect and Apple does not want to pay, on behalf of countries in which Apple generates no corporate profit and have no investment in intellectual property or jobs, apart from retail from which these countries get a large VAT from the millions of devices sold? Talk about messed up.
So now Ireland is asked to collect a corporate tax they do not want to collect and Apple does not want to pay, on behalf of countries in which Apple generates no corporate profit and have no investment in intellectual property or jobs, apart from retail from which these countries get a large VAT from the millions of devices sold? Talk about messed up.
An easy exit strategy for Ireland would be to grant same conditions to all corporations.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
And when Apple didn't pay the taxes asked and set by the irish goverment?
The trouble is Apple barely pays taxes anywhere. Forget Ireland, it's a US company, it should be paying tax there but instead it sets up an obscure corporate structure in multiple countries and non countries to dodge contributing to the society it functions in. Ignore for a second that it's Apple - do you believe corporations should be paying tax and therefore contributing to education, healthcare, the police, infrastructure, and the social system?
What i believe is that goverments should put in place clearly stated rules to avoid gaming the system in this way, Apple isn't the only company doing this, your comment implies an outrage tha capitalist companies take advantage of the tax system to maximize profit wich is the nature of every conpany, the anger should be focuse towards the goverment is as if you where getting angry to someone that punched you with your explicit permission, and not only that you are begging to be zunche. This is plain an simple gouging because someone didnt like the deal after they agreed on it.
I have two problems with what you say. If punching suddenly became legal, I wouldn't go around punching anyone and yes I would blame both the government and the people who decided they would take advantage of that new law. Second, clearly stated rules are very difficult to put in place when you have companies like Apple and Google willing to spend a fortune finding ways around the laws. It's whac-a-mole. Yes the US has allowed companies not to pay tax until it's repatriated but that isn't the issue, it's the tax avoidance on international operations by attributing profit to an international, stateless entity where no taxes are paid. The US will struggle to implement taxation laws to prevent it unless every country gets together and agrees, which will never happen. Corporations need to play their part too
You need to better educate yourself on tax laws. Your logic does not hold here, the blame belongs with the government they are the ones striking these deals to bring in jobs and such, why, the government know they make far more taxing individuals than a company. The average tax payer pay far more than anyone, you pay income tax, sales tax, property tax, school tax, local and state tax, and the list goes on and on. Companies generate jobs which bring income into the state or country which governments get to tax over and over as people spend money.
However, if you're upset with companies like Apple not paying their fair share you should also be upset with all the people from these states since they do not pay state income tax Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Those people are not paying their fair share and I believe people in Alaska arre getting money from the state on profit from the oil sales.
You can not blame individual or companies who seek out places which the tax burden is the lowest. I do not see anyone especially liberals/socialist who think the government should do more for everyone trying to find ways to pay more taxes. I find more them hardly pay taxes because they do not make a whole lot of money nor are they interested in making money.
Greedy Europeans sucking free money from something they have nothing to do with. If I were Ireland I'd leave like Britain and tell the greedy bastards to stuff it.
Apple should start suing for breach of contract. They had a legal binding contract with Ireland and no one I mean NO ONE should be able to access or prorate money unearned because they're system is failing.
If THIS is the new global economy we want nothing to do with it period. We are NOT paying for your healthcare too!
let the people speak up. Start closing stores in these countries and see what the people say.
Apple move headquarters to britian effective immediately!
So... Evil governments rewriting the law and illegally backdating it in order to steal crazy money from Apple so they can bankroll their countries...
worse than Orwellian induced nightmares.
Going global sounds great great until you realize the ethical standards differences. And the USA sadly is not much better. But at least there's a possibility the good guys can win a court battle.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
Morals don't come into it, Apple is not outside the law they are paying taxes agreed on by all parties. If this is not good enough then the law needs to be changed. People or companies that pay more tax than they are legally required to do you can count on the fingers of one hand.
Exactly, EU had audited Apple several times a year for DECADES.. No, suddenly, it's illegal. Apple was following the letter of the law and it was reviewed every year by the EU.. but, now the EU doesn't like the old ways so it's like Unlimited Jeopardy.
You can follow the laws all you want. Just be warned, they may change their mind and decide to not follow their own past rulings and laws and 'subjectively' decide to mob you for money. It's like the EU finance reviews never even happened for past 20 years. Little known fact I guess, news / blogs never report the fact that the EU has audited Apple's business in the EU from the start and given them a green light..
Which, while the tax amounts are sorry low, they should be looking forward and changing laws, not using a subjective guide-line that has no real numbers, and never been a cannon law.
The vultures are circling figuring out how they can get Apple to pay for their next round of free stuff that they can't afford. You've got to be awfully good thieves or capitalists when you follow that incredibly expensive and inefficient socialist economic model > Tax, tax, tax and when they have no more money to pay taxes with, tax them some more.
I'm surprised that uk hasn't gone after Apple and Ireland for this. Ironically it's in apples interest for pm May to trigger the article 50 lol After all what will happen when Ireland is no longer part of the Eu?
How many times does it need to be pointed out that ireland is not a part of the UK, and hasn't been for almost a hundred years? The UK invoking Article 50 won't affect a thing in this debate.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
Morals don't come into it, Apple is not outside the law they are paying taxes agreed on by all parties. If this is not good enough then the law needs to be changed. People or companies that pay more tax than they are legally required to do you can count on the fingers of one hand.
Exactly, EU had audited Apple several times a year for DECADES.. No, suddenly, it's illegal. Apple was following the letter of the law and it was reviewed every year by the EU.. but, now the EU doesn't like the old ways so it's like Unlimited Jeopardy.
You can follow the laws all you want. Just be warned, they may change their mind and decide to not follow their own past rulings and laws and 'subjectively' decide to mob you for money. It's like the EU finance reviews never even happened for past 20 years. Little known fact I guess, news / blogs never report the fact that the EU has audited Apple's business in the EU from the start and given them a green light..
Which, while the tax amounts are sorry low, they should be looking forward and changing laws, not using a subjective guide-line that has no real numbers, and never been a cannon law.
The EU was auditing Apple every year? For what purpose since the EU doesn't tax companies on corporate profits AFAIK. I think you just might be wrong.
This just in: increasingly corrupt national governments continue to engage in corruption. More at 11.
As opposed to corrupt corporations not paying tax, anywhere
Morals don't come into it, Apple is not outside the law they are paying taxes agreed on by all parties. If this is not good enough then the law needs to be changed. People or companies that pay more tax than they are legally required to do you can count on the fingers of one hand.
Exactly, EU had audited Apple several times a year for DECADES.. No, suddenly, it's illegal. Apple was following the letter of the law and it was reviewed every year by the EU.. but, now the EU doesn't like the old ways so it's like Unlimited Jeopardy.
You can follow the laws all you want. Just be warned, they may change their mind and decide to not follow their own past rulings and laws and 'subjectively' decide to mob you for money. It's like the EU finance reviews never even happened for past 20 years. Little known fact I guess, news / blogs never report the fact that the EU has audited Apple's business in the EU from the start and given them a green light..
Which, while the tax amounts are sorry low, they should be looking forward and changing laws, not using a subjective guide-line that has no real numbers, and never been a cannon law.
The EU was auditing Apple every year? For what purpose since the EU doesn't tax companies on corporate profits AFAIK. I think you just might be wrong.
Yeah, going to need a source for that claim @adrayven ;
The economic future of the EU is looking pretty grim. The US leads the world in technology innovation. China leads the world in manufacturing. What industries in the EU are competitive any more?
1. Automobile manufacturing (soon to be disrupted by Tesla and dozens of electric car makers in China) 2. Tourism
Did I leave out anything? How will the EU compete in the global economy in the next 10-20 years?
Comments
And who set up the rules that allows companies to do this, greedy politician who lobbyist paid them to pass laws which undercut the government ability to do what it right. By the way companies pay tax on every person that works for them which they do not benefit from, example social security, the employee pays 7% and so does the company, the government is collecting about 15% from every company for social security. They also pay sales tax on things they sell, they pay importation taxes to bring things into a country. Here is another interesting part the government under GAAP rules does not required companies to call out all the taxes they actually pay to the governments why because the government does not want the public knowing all the taxes companies actually pay.
The only way to solve this problem is a flat tax, paid on total revenue before any expenses or deduction. Everyone pays no matter how much the make. But today the government created all kind of ways to allow anyone to reduce their taxes as long as it falls within the rules they laid out. If you want companies to pay more, tell your congressmen to get rid of the complicated rules.
An easy exit strategy for Ireland would be to grant same conditions to all corporations.
You need to better educate yourself on tax laws. Your logic does not hold here, the blame belongs with the government they are the ones striking these deals to bring in jobs and such, why, the government know they make far more taxing individuals than a company. The average tax payer pay far more than anyone, you pay income tax, sales tax, property tax, school tax, local and state tax, and the list goes on and on. Companies generate jobs which bring income into the state or country which governments get to tax over and over as people spend money.
However, if you're upset with companies like Apple not paying their fair share you should also be upset with all the people from these states since they do not pay state income tax Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. Those people are not paying their fair share and I believe people in Alaska arre getting money from the state on profit from the oil sales.
You can not blame individual or companies who seek out places which the tax burden is the lowest. I do not see anyone especially liberals/socialist who think the government should do more for everyone trying to find ways to pay more taxes. I find more them hardly pay taxes because they do not make a whole lot of money nor are they interested in making money.
Apple should start suing for breach of contract. They had a legal binding contract with Ireland and no one I mean NO ONE should be able to access or prorate money unearned because they're system is failing.
If THIS is the new global economy we want nothing to do with it period. We are NOT paying for your healthcare too!
let the people speak up. Start closing stores in these countries and see what the people say.
Apple move headquarters to britian effective immediately!
worse than Orwellian induced nightmares.
Going global sounds great great until you realize the ethical standards differences. And the USA sadly is not much better. But at least there's a possibility the good guys can win a court battle.
You can follow the laws all you want. Just be warned, they may change their mind and decide to not follow their own past rulings and laws and 'subjectively' decide to mob you for money. It's like the EU finance reviews never even happened for past 20 years. Little known fact I guess, news / blogs never report the fact that the EU has audited Apple's business in the EU from the start and given them a green light..
Which, while the tax amounts are sorry low, they should be looking forward and changing laws, not using a subjective guide-line that has no real numbers, and never been a cannon law.
The US leads the world in technology innovation.
China leads the world in manufacturing.
What industries in the EU are competitive any more?
1. Automobile manufacturing (soon to be disrupted by Tesla and dozens of electric car makers in China)
2. Tourism
Did I leave out anything?
How will the EU compete in the global economy in the next 10-20 years?
They should look elsewhere, because they won't be getting what they want from Apple.
The EU is soon dead.
Apple should begin preparing to expand into other, more worthwhile regions of the world.