Up for Debate: Apple avoids taxes

Tuesday, May 21, 2013 at 1:07am

Do you think business structures by big companies like Apple which allow them to avoid paying billions in taxes are good business practices or essentially cheating on taxes? Should the U.S. government move to outlaw such practices?

Filed under: City Voices
Tagged: Up for Debate

40 Comments on this post:

By: yogiman on 5/21/13 at 5:27

No company should be exempt from paying taxes. It's obvious all exemptions are given by congress to favor lobbyists who are giving them campaign money.

By: Loner on 5/21/13 at 5:40

Good morning, Nashville.

Do you think business structures by big companies like Apple which allow them to avoid paying billions in taxes are good business practices or essentially cheating on taxes? Should the U.S. government move to outlaw such practices?

Not being a tax accountant or an expert on international tax law, I'm not really qualified to answer those two questions.

I do know that the two Senator who are conducting this investigation are two of the dirtiest birds in the US Senate. Carl Levin and John McCain are both longtime incumbents who have taken in many millions in campaign "donations" from their special interest paymasters over the decades.

This is like hiring two master thieves to investigate a claim of grand larceny. Levin and McCain have zero credibility.

By: Loner on 5/21/13 at 5:58

Sheldon Adelson faces the same dilemma that Apple and other US companies face...if they bring their profits home, to the USA, they get whacked at the 35% rate....so, what do they do?

Adelson tried to purchase the services of the POTUS....the casino tycoon invested over 20 million dollars into GOP candidates in the 2012 elections....Citizens United has expanded the scope and corruptive influence of political campaign donations.

In Apple's case, the US government buys millions of dollars worth of their products and services; seems like they should do the right thing and pay their fair share of US taxes.

Of course, if one reads the CNN article cited, one can see how there are two sides to this story...a mountain of BS is covering up the facts of the case....lawyers for both sides are working that steaming pile of manure like hungry horseflies.

The whole thing stinks.

By: Loner on 5/21/13 at 6:16

Certainly, our hearts and prayers go out to the people of Moore, Oklahoma this morning; they were hit by a killer tornado yesterday...at least 91 are feared dead.

By: yogiman on 5/21/13 at 6:44

I must agree with you on the Moore OK, Loner. A little help to the Red Cross won't hurt. They need it today.

And I also agree with you in part on our government: We don't have a government that gives a damn about we the people today, and haven't had one for decades.

Two issues coming up soon are the legalizing the illegal aliens and giving our 2nd Amendment to the UN.

It looks like they think it's time to replace the Sears-Roebuck catalog with our Constitution in our outhouses.

By: BenDover on 5/21/13 at 6:44

What a tragedy.

By: yogiman on 5/21/13 at 6:50

I'm wondering: Of all the advancements in science that has taken place in the USA over the last 50 years, why hasn't some method been developed to control those storms? I remember when I was in Aerography in the Navy they ran an experiment off the Florida coast on typhoons (tornadoes over water) by flying through them dropping dry ice.

They seemed to be pretty successful. I've always wondered why it wasn't followed through.

By: BenDover on 5/21/13 at 6:51

Actually I think taxes and immigration tie together in philosophy here.

Reducing our rate to be on par with most of the rest of the developed world @25% would shift to a more value added emphasis of company resource to production rather than tax avoidance and enforcement efforts.

Same thing with guest worker... if we streamlined that process we could do away with much of the controls and enforcement going on at our southern borders.

When you make things easier to do right than they are to do wrong then systems begin to control themselves; and smaller and more meaningful controls and enforcement can focus on the minority of people trying to subvert the more reasonable system.

By: Loner on 5/21/13 at 6:53

When we see acts of faith-based terrorism terrorism, we wonder about the nature of men and religion. When I see these "acts of God", I wonder about the nature of God.

I guess that we can only conclude that, verily, shit happens.

By: Blanketnazi2 on 5/21/13 at 6:55

Ben, I agree with your take on guest workers. That's just simple logic.

My heart goes out to all the people affected by the storms in OK. How tragic. :(

By: Loner on 5/21/13 at 6:58

Pardon the typo...repeated words are not caught by my online spellchecker...like everyone else, when I see no more red squiggly lines underlining the text, I assume that it's OK to hit the submit button....I'm only human....just a hominid on a mudball, going round a yellow sun.

By: yogiman on 5/21/13 at 6:59

Doesn't it make you wonder why so many nations in this world are still in the 18th century lifestyle? Why haven't all nations developed like the 'civilized' nations of today?

Could it be because of their kings (masters) who don't want to loose their power?

By: yogiman on 5/21/13 at 7:04

Sh!t only happens if you eat too much crap for your body to digest, Loner. It has to get rid of all that extra crap. Don't eat too much crap for your body to digest and you will save on your water bill because you won't have to spend so much time in your 'library' in its flushing mode.

By: Loner on 5/21/13 at 7:06

Here's a better source article on the "rotten-to-the-core" Apple story:

http://www.guardian.co.uk/business/2013/may/21/apple-tax-row-ireland-eamon-gilmore

Of course, Apple is not the only US company using the Irish connection, or other overseas tax shelters...it's just that Apple did not pay off McCain & Levin et al.

Apple's competitors must have yanked the chains of their Congressional attack dogs...who let the dogs out? Follow the money.

By: Loner on 5/21/13 at 7:14

From the CNN article:
"The report says Apple (AAPL, Fortune 500) relies on a number of unusual accounting tactics along with a handful of subsidiaries in Ireland -- where it has negotiated a tax rate of less than 2% -- to reduce its tax bill. The U.S. corporate tax rate stands at 35%." (end snippet)

According to the Guardian article, the Irish corporate tax rate is 12.5%....did Apple reduce that low rate even further?

By: Loner on 5/21/13 at 7:16

Advice from an old shit-eater @ 8:04....?

By: yogiman on 5/21/13 at 7:18

I just saw where a young teen-age girl has developed a charger that can re-charge your cell phone in 20 seconds.

Yet the government can't can't stop a tornado that's in force for hours. Maybe they should hire that girl out of high school.

news.yahoo.com/blogs/sideshow/teen-invention-could-charge-cellphones-20-seconds-143535710.html?vp=1

By: yogiman on 5/21/13 at 7:19

I'm afraid so, Loner. You seem to have more sh!t than I.

By: yogiman on 5/21/13 at 7:22

Well, I gotta get something done. I'll 'see' you on my coffee breaks. Have fun in the meantime.

By: Rasputin72 on 5/21/13 at 7:29

No person or company should pay more taxes than is required by law.

Apple seemingly is meeting all requirements of the law.

I resent the 47% percent of Americans who pay no federal income tax but have the benefits of the productive class.

Like Apple they meet the requirements of citizenship.

By: Captain Nemo on 5/21/13 at 7:31

Yes I think they are cheating and worse, they are traitors. They would endanger the country’s well being.

By: Captain Nemo on 5/21/13 at 7:33

8:29 is good example of cheat and traitor.

By: Captain Nemo on 5/21/13 at 7:40

It is obvious by yogi’s 8:04 post, that yogi’s ablity to understand body functions is in par with his historical facts. There are none.

By: bfra on 5/21/13 at 8:08

Nemo - yogi & Raspy are fanatical when it comes to that area of the anatomy.

By: pswindle on 5/21/13 at 8:11

Everyone should pay their fair share of taxes, and that includes corporations, Mitt and other rich individuals. Political Parties should not have tax-except status, and that includes the Tea Party. Why single out Apple?

By: yogiman on 5/21/13 at 8:24

We're just trying to imitate you, bfra. Does that irritate the crap out of you?

By: bfra on 5/21/13 at 8:45

Crazy old fool can't write a logical retort because he has to have his anal comment included.

By: yogiman on 5/21/13 at 8:52

Hang in there, kid, you're trying.

By: dargent7 on 5/21/13 at 9:31

I think the tax "codes" in America are complete (100%) bullshit.
Hollywood types like Wesley Snipes gets 10 years in prison for not paying Income tax...
There's story after story of a celebrity going to Sing-Sing for not paying taxes.
Mitt ( Mittens) Romney had 4 tax shelters in the Carribean, pays 8% overall, and runs for President?
Apple is so high profile I assume whatever they are doing is in complete complience of the US tax "law". They are not stupid.

By: dargent7 on 5/21/13 at 9:37

Those old enough to know "The Doors", Ray Manzerick died today at 74.
He founded The Doors w/ Morrison, and played the keyboards which was a Doors' staple.
Check out old Ed Sullivan on You Tube...."Light My Fire".

By: brrrrk on 5/21/13 at 10:45

Loner said

"Sheldon Adelson faces the same dilemma that Apple and other US companies face...if they bring their profits home, to the USA, they get whacked at the 35% rate....so, what do they do?"

No wealthy corporation or individual pays that 35% rate. If they do they have a for-shit accountant.

By: brrrrk on 5/21/13 at 10:50

I know several people from OK.... one from Moore. It's not good.

Any bets on how long it'll take the House to approve an aid package for Ok?

By: brrrrk on 5/21/13 at 10:57

Captain Nemo said

"Yes I think they are cheating and worse, they are traitors. They would endanger the country’s well being."

Corporations should be required (as they once were prior to the early 20th century) to be good citizens as well as being fiscally responsible to their investors. Every state in the country once had laws that required corporations to act in the public interest.... or lose their charter.

By: Blanketnazi2 on 5/21/13 at 11:09

brrrrk, it's ugly that the OK senators are playing politics with the aid package for their own state!

By: bfra on 5/21/13 at 11:14

With one of the biggest tax crooks (Romney) being allowed to run for President, doesn't say much for the integrity of this Country.

By: dargent7 on 5/21/13 at 11:15

brrrk is correct.
The game in America is to pay the lowest possible tax rate, even if it's illegal.
Like I said, Mittens paid 17% on his income...off-shore accounts, capital gains, dividends, inheritance, amoritization, expenses for running for President, penis reductions, etc.
Bill Gates is the richest man in the World...has $73 billion...guess what he pays?
Probably less than the average schmoo living in America.

By: govskeptic on 5/21/13 at 11:21

Apple is not accused of cheating one dime on their taxes. Yes, they take every
legal move available to avoid taxes not required. So does Warren Buffet, Barack
Obama, me and you. Last yr. Apple paid 6 billion in taxes, that's 2 &1/2% 0f the US
total intake. On the other hand the President has handed both GE and GM among
others absolutely billions of dollar deferment and special tax breaks for these
two and other companies. Apple is being targeted solely because they have so
damn much money in the bank-100 billion dollars, and Uncle Sam is dying to
get a chunk of it, while excusing others from paying anything. Crazy system.

By: yogiman on 5/21/13 at 12:38

It takes one to know one. Maybe you should throw your hat in the ring for 2016, bfra. You might become our first female crooked president.

By: yogiman on 5/21/13 at 5:03

I should have included [if you are a natural born citizen]. Sorry I left it out.

By: Libertine on 5/23/13 at 4:02

How many of Obama's cabinet members admitted to cheating on their taxes, but got off without charges so they could join Team Obama? It is easy to get a list of billionaire CEO's who pay no taxes, just pull the White House visitors log.