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Thread: Senate investigators: Apple sheltered $44 billion from taxes

  1. #141
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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by specklebang View Post
    We agree but do you see how instead the Corporation paid the fine and the individuals that were facilitating drug crimes were not punished at all.
    Equal and fair treatment is not the goal of corporatists.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  2. #142
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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by CJ 2.0 View Post
    Don't think I agree and I am by no means a leftist on economic issues. The problem you have is the same problem we had in Canada a while ago with income funds. They essentially were companies with no taxes, but the income flowed through the the owners of units to pay tax on directly.

    Works decently well if the ownership of these funds are not in tax deferring vehicles (like IRAs) and they are ALL owned by domestic residents, but as soon as foreign owners pick up big peices of these interests you have massive outflows of earnings that are never taxed win the country where they are earned.

    What you can do, though, is tax dividends at less than full income, such that corporate taxes plus dividend taxes translate into approximately what the individual would have paid had the income been earned as partnership income or from wages. Part paid by the firm, part paid by the individual. Some tax determent possible, some reduction in overall govenrment intake, but overall seems to work pretty well. But the corporate rate is too high in the US, while this ridiculous extra-territorial extension of the tax system to patriated forteign earnings is a massive deterrent to inflows of capital earned abroad.
    That is something that I haven't exactly thought of. But at the same time, that is exactly what we are seeing in this country anyways. Countries like Apple moving money overseas and not paying taxes on it. Also, you have to consider, that foreign capital may withdraw earnings over a period of time,but it still represents an investment in domestic companies. Also, I get the hunch that the US would have less of a problem with foreign capital overwhelming domestic capital because most of the world's largest corporations are American anyways. I suppose the easiest fix here is to just reduce the corporate tax to a level like say 20% where companies like Apple have far less incentive to move money offshore. I agree with most of the rest of your points.

  3. #143
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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by Ikari View Post
    The Constitution. It's the contract between We the People and the government. We may resend it at any time, but not just by bitching on the internet. You'll have to do something.
    Why I should I honor something they refuse to honor? What do you take me for? I'm not a puppet?

    Ahhh, it makes sense now. You're one of the people who wants free ****.
    All I want is a system that works voluntarily on some level.

  4. #144
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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by Ikari View Post
    Why does any individual have to pay both income and property tax?
    You're right. They probably should just pay property tax.

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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by jonny5 View Post
    Crimes are committed by people, not the ideas they come up with. There I no reason a person could not be punished for a crime committed as a member of a corporation.
    Actually corporations can and have been prosecuted for crimes, with the CEO being the person incarcerated. Such cases have been closely scrutinized by appellate courts since the don't seem to fit our usual notions of mens rea and the elements of culpability.

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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by ReformCollege View Post
    You're right. They probably should just pay property tax.
    I would go with neither.

    The property tax treats you as a renter to your property.

    Income tax allows the government to assume control over your income and gifts you the remainder.

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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by OpportunityCost View Post
    Yeah cause who the **** needs those evil corporations located in the US employing people, let em move their headquarters!



    Forget shooting yourself in the foot this idea is shooting yourself in the nuts.
    Psssst: exactly -- who needs them if they don't pay taxes and the hire cheap labor overseas. You're catching on.

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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by head of joaquin View Post
    Psssst: exactly -- who needs them if they don't pay taxes and the hire cheap labor overseas. You're catching on.
    Now why would they hire cheap labor overseas? Gee, I wonder.

  9. #149
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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by Henrin View Post
    Why I should I honor something they refuse to honor? What do you take me for? I'm not a puppet?
    Then do something. If you just sit there and vote and do nothing to change the system, I'll have no sympathy for you when they throw you in jail for not paying up.

    Quote Originally Posted by Henrin View Post
    All I want is a system that works voluntarily on some level.
    No you don't. You said so in your last post. You'll give nothing up, and you'll hide all your money regardless of the facts that government funding is what is pushing tech and advancement. That science and engineering has evolved to such a level that the money*time margin is not sustainable by private enterprise for base research. You think Verizon funded research into IC? Into cell tech? No, once that tech became engineerable, then they took over; they couldn't do it before. The days of Bell Labs are over, son. Medical science? Same thing. Pretty much all our tech, all our modern conveniences; more and more the base knowledge necessary to engineer such solutions is not obtainable through market. You require something much more stable and able to source massive amounts of money that is required to advance further; government. But you don't want to pay for that. You "paid" for your phone, but you paid a company for production+profit costs. Taxes are what funded the research that ultimately bore the fruit of that tech. But you don't want to pay that. Somehow you feel entitled to the work of others. You'll give up nothing and take everything. I've seen your sort before, you're a welfare queen. You don't want "voluntary" because you cannot live by the consequences of such. You want and you want and you want, but you don't wish to pay. That's the bottom line. You will not give up anything for your "voluntary" society, thinking instead that you deserve and are entitled to the sweat of other's brows.

    I said it before, I'll say it again. There's no such thing as a free lunch.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  10. #150
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    Re: Senate investigators: Apple sheltered $44 billion from taxes

    Quote Originally Posted by ReformCollege View Post
    You're right. They probably should just pay property tax.
    Not a solution I am at odds with. But I will say, what is good for the goose is good for the gander.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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