justbobf
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Apple CEO Tim Cook calls US tax code outdated and 'awful for America'
>>> charge a VAT on all goods and services sold in the US
The trouble with a VAT tax is that it is a flat tax: everyone pays the same percentage. It is only fair that the rich, and rich corporations—those better abled to pay—should pay a higher percentage than the poor or less well-off.
In England, the VAT is 20%, and everyone just accepts it. I would prefer to tax the wealthy 78%, as we once did. That makes it a dis-incentive for companies to pay multi-million dollar bonuses. That makes for a fairer, more equal society overall.
Don't like that? We are fast approaching the untenable conditions that brought on the French Revolution. Be careful in granting unlimited wealth and power to just a few.
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Apple could owe over $8 billion in European taxes, new estimate indicates
You mean, like build roads and bridges? Educate our children? Take care of us when we get old? No, government does a lot of good, a lot of good.redraider11 said:Oh government, they can't produce anything of their own so they use threat of force to steal money from people and corporations.
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Apple CFO says 'fair' outcome in Irish tax investigation would be no money owed
Sorry, Dude…
As much as I like Apple, their tax policy sucks. It's time to cough up, pay your bill and be a good citizen. -
Apple could owe over $8 billion in European taxes, new estimate indicates
I'm glad the Europeans have the guts to stand up to these corporations. It seems the US lawmakers and regulators are owned by them. -
Irish cabinet votes to appeal EU's $14.5B tax penalty on Apple
Simply crazy that Ireland does not want to collect the $14.5 billion Apple owes.
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Cook, other Apple execs open up on company's future in extensive '60 Minutes' feature
I'd like to know the difference between an industrial age tax code and a digital age tax code. To me, it just sounds like Tim and Company don't like paying taxes. But, maybe others can explain his thoughts.
