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

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    Senate investigators: Apple sheltered $44 billion from taxes

    Senate investigators accuse Apple of wiring together a complicated system to shield billions of dollars in international profits from both U.S. and foreign tax collectors.

    A report released ahead of Apple CEO Tim Cook’s inaugural Capitol Hill appearance Tuesday alleges the tech giant took advantage of numerous U.S. tax loopholes and avoided U.S. taxes on $44 billion in offshore, taxable income between 2009 and 2012 — a characterization Apple flatly rejects.


    The bipartisan Senate probe also charges for the first time that Apple’s long established foreign entities, based in Ireland, don’t actually have tax-resident status there or anywhere else. The company conducts most of its international business in the European country to take advantage of lower tax rates, according to the congressional report.


    Read more: Senate investigators: Apple sheltered $44 billion from taxes - Tony Romm - POLITICO.com

    Yup.. 44 billion bucks!
    Now this activity isnt "illegal" i certainly believe that it should be.


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

    Quote Originally Posted by TheDemSocialist View Post
    Read more: Senate investigators: Apple sheltered $44 billion from taxes - Tony Romm - POLITICO.com

    Yup.. 44 billion bucks! [/FONT][/COLOR] Now this activity isnt "illegal" i certainly believe that it should be.
    Why should it be illegal? Does the government have a right to our money?

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

    Quote Originally Posted by Henrin View Post
    Why should it be illegal? Does the government have a right to our money?
    Why? Because they are avoiding taxes.


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

    Quote Originally Posted by TheDemSocialist View Post
    Why? Because they are avoiding taxes.
    And??

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

    Quote Originally Posted by Henrin View Post
    And??
    Yes. Since the government has the power to tax then yes.


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

    Quote Originally Posted by TheDemSocialist View Post
    Yes. Since the government has the power to tax then yes.
    That has nothing to do with me complying with their desire to have access to my money. Usually when someone is trying to take something from me without my consent I will do everything in my power to resist. The government is no different. I don't care if the government doesn't like people putting money in off shore accounts. I just don't. They have the power to tax and I have the power to make it hard on them by hiding what is mine.

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

    So I noticed you stopped at three paragraphs. Is that because the 4th noted it was legal.


    Quote Originally Posted by TheDemSocialist View Post
    Read more: Senate investigators: Apple sheltered $44 billion from taxes - Tony Romm - POLITICO.com

    Yup.. 44 billion bucks! [/FONT][/COLOR] Now this activity isnt "illegal" i certainly believe that it should be.

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

    Quote Originally Posted by CalGun View Post
    So I noticed you stopped at three paragraphs. Is that because the 4th noted it was legal.
    Uhhh well i said in the OP "Now this activity isnt "illegal" i certainly believe that it should be."


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

    Why should the US be entitled to income tax revenue from sales not in the United States of products not made in the United States? Maybe North Korea should make a claim and see how that goes?

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

    Quote Originally Posted by TheDemSocialist View Post
    Read more: Senate investigators: Apple sheltered $44 billion from taxes - Tony Romm - POLITICO.com

    Yup.. 44 billion bucks! [/FONT][/COLOR] Now this activity isnt "illegal" i certainly believe that it should be.
    That's great news. The more money that they hide and prevent the government from stealing, the better. The governments just gonna waste it on some stupid bull**** anyways, Apple will do a much better job of spending it.

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