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Authored by: Anonymous on Monday, May 27 2013 @ 06:38 PM EDT |
Should be the real headline. Apple, Microsoft, Google, Uncle Tom Cobbley
and all, are simply using the existing tax laws for their own advantage.
It's the behaviour that made America, Britain, <insert your favorite
Empire building nation> Great. And it's behaviour that reveals those
great nations' inability to come to terms with the phenomenom of
trans-national corporations. A solution might be found by banging
some government heads together to work out an equitable international
tax regime. Won't happen, because of the selfish nature of governments.
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Authored by: Anonymous on Monday, May 27 2013 @ 11:36 PM EDT |
Google's executive chairman Eric Schmidt has said he is
"perplexed"
by the ongoing debate over the company's tax contributions in
the
UK.
Mr Schmidt told the BBC that the company did what was "legally
required" to
pay
the right amount of taxes. ...
The Google chairman has
previously argued that corporate taxes should be
levied in the country where it
conducts economic activity and takes risks,
rather
than where products are
consumed.
BBC
And that's where Uncle Tom Cobbley gets it wrong. The tax should
be paid at
the
place money changes hands. I am the ruler of Atlantis and I
want my nation
to
be the richest on Earth.
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Authored by: Anonymous on Tuesday, May 28 2013 @ 05:50 AM EDT |
"We pay all the taxes we owe — every single dollar," Cook
said.
There's the rub: they pay every single dollar of tax
owed (which is perfectly true), but it's how that every single
dollar of tax is calculated that is the issue...
"We don't
depend on tax gimmicks."
that is in fiddling with our income in
the US, like Al Capone...
...accusing Apple of using a
"complex
web" of offshore shell subsidiaries to avoid paying taxes on
$74 billion in
profits earned overseas between 2009 and 2012.
Those
overseas incomes have been taxed as appropriate - just that those overseas
profits are on sales made in countries with a very low tax rate...
That is a
"problem" that all multi-nationals have: they like to report world-wide sales
& profits to make themselves look good for their backers (shareholders,
etc), but only local sales & profits for the "benefit" of the tax
authorities - even if "local" can mean another country to which the actual goods
are sent to a purchaser.
Tax avoidance is not illegal, but tax evasion
is.
Kent Brockman (of the Simpsons) has a much better "word" for it: Tax
Avoision (ie the reality is that most tax avoidance is really tax
evasion).
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