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  • Chinese state-run media promises consequences for Apple, others if Trump starts trade war

    Those who voted Trump say they are sick of politicians who say they will do things to get elected, then fail to follow through. Now, they tell us not to wet the bed because Trump didn't mean the things he said literally. So much for consistency. 
    Not to mention he said he wanted to get rid of all the capital hill insiders and has just appointed half of them.  So much for 'draining the swamp'.  The dude is a joke. 
  • Chinese state-run media promises consequences for Apple, others if Trump starts trade war

    Trump and his soon to be selected advisors are not dumb. 

    Trump doesn't believe in global warming and Pence doesn't believe in evolution and thinks you can cure gay people with hynotherapy.

    You sure about that first statement?
  • Apple monitoring AT&T's potential merger with Time Warner, report says

    This merger should be illegal from a monopoly POV anyway.  
  • Study claims Apple avoided paying $65.08B in US taxes in 2015 through offshore arrangements

    sog35 said:
    spice-boy said:
    The last "tax holiday" was granted by the US in 2004 for multinational companies. The rate was heavily reduced to a mere 5.25%. I as a small business owner pay about 35% on my profits. Corporations like Apple expect another Reparation tax holiday sooner or later so there is little incentive to bring this money back to the US until Congress caves in. How did this all happen? Well look at the people we citizen elect to political office, who funds their campaigns, who are they in debt to when the get into office? It is not the US citizen but these huge corporations. Laws are written to make these tax havens possible as a pay back for a cushy seat in Congress. Are corporations like Apple breaking the law? Not as the law is written. Is Apple morally wrong for taking advantage of these laws? Yes. Tax breaks and incentives were originally designed to help small to large businesses grow and have positive impact on a local or regional area. These incentives often have time limits unlike these tax haven laws. I am a big fan of Apple's products and services and have been for decades but don't let you love admiration of this company blind you to the fact they are positioned as many huge international corporations above the tax laws most citizens must follow. 
    Apple also pays 35% tax on ALL USA profits. You are in the same boat. You are barking up the wrong tree. The problem is the ridiculously high 35% tax rate in the USA. By far the highest tax rate in the world. 

    But Apple also has operations in other countries like China, Japan, and Europe. In those countries Apple pays all the taxes that are earned on profits in THOSE countries. In China they pay about a 15% corporate tax. So why should Apple pay the USA DOUBLE TAX on income EARNED in China? It makes ZERO sense.  There is no logical reason why Apple needs to pay the FULL TAX BURDEN of China profits and then pay tax again in the USA. Profits generated and EARNED in China have no business being taxed in the USA.

    When the tax holiday happenned those corporations were not paying a 5% tax on USA profits. They were paying a 5% tax IN ADDITION to the foreign taxes they ALREADY PAID.  So Apple would have paid 15% taxes on China generated profits and then an ADDITIONAL 5% tax to the US government for the right to bring the cash back into the USA.

    Basically you have a very shallow understanding of US and foreign tax laws.
    HAHA Sure they do!

     Anyone who thinks any of these multi-billion $ corps actually pays 35% in taxes is either lying on purpose or ignorant.
  • Chinese media, government confirms Apple research center in Beijing tech corridor

    wood1208 said:
    This is how China has screwed American and other companies. Low tech, let general Chinese companies copy and high end tech, government inspired hack and steal to handover to their high tech companies copy. No matter which way you look at, you are screwed in China.
    From what I see over the last 20-30 years huge Americans companies happily sold their souls to china for cheap labor and huge profits, paying as little taxes as possible, destroying the workforce in America, and all while our fast-slipping middle class tax money pays for the almost 1 Trillion a year military to protect them.

    China hasn't screwed Americans companies, American companies have screwed Americans.