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Tue May 21, 2013, 06:51 AM

You hear all kinds of outrage from the right about welfare recipients but what about APPLE?

I constantly hear from people on the right how welfare is a drain on our economy, how these people are getting something for nothing and they are moochers, well you have heard it all.

So where is their outrage over the billions that Apple has failed to pay in its deliberate tax evasion practices? WHERE?

Apple’s Web of Tax Shelters Saved It Billions, Panel Finds

WASHINGTON — Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and went beyond anything most experts had ever seen, Congressional investigators disclosed on Monday.
The investigation is expected to set up a potentially explosive confrontation between a bipartisan group of lawmakers and Timothy D. Cook, Apple’s chief executive, at a public hearing on Tuesday.

Congressional investigators found that some of Apple’s subsidiaries had no employees and were largely run by top officials from the company’s headquarters in Cupertino, Calif. But by officially locating them in places like Ireland, Apple was able to, in effect, make them stateless — exempt from taxes, record-keeping laws and the need for the subsidiaries to even file tax returns anywhere in the world.

“Apple wasn’t satisfied with shifting its profits to a low-tax offshore tax haven,” said Senator Carl Levin, a Michigan Democrat who is chairman of the Senate Permanent Subcommittee on Investigations that is holding the public hearing Tuesday into Apple’s use of tax havens. “Apple successfully sought the holy grail of tax avoidance. It has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere.”

http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?nl=todaysheadlines&emc=edit_th_20130521&_r=0

Maybe if we cleaned up the tax dodging corporations, we could feed the poor in this nation!

12 replies, 1714 views

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Arrow 12 replies Author Time Post
Reply You hear all kinds of outrage from the right about welfare recipients but what about APPLE? (Original post)
liberal N proud May 2013 OP
Scuba May 2013 #1
Skidmore May 2013 #2
Atman May 2013 #3
trumad May 2013 #4
Dustlawyer May 2013 #5
RandiFan1290 May 2013 #6
grammiepammie May 2013 #12
AndyA May 2013 #7
Liberal_Stalwart71 May 2013 #8
Quantess May 2013 #9
abelenkpe May 2013 #10
HappyMe May 2013 #11

Response to liberal N proud (Original post)

Tue May 21, 2013, 07:00 AM

1. I hear right-wingers saying "it's just a smart company taking advantage of the tax code" ...

... while totally ignoring how that tax code came into place.

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Response to liberal N proud (Original post)

Tue May 21, 2013, 07:03 AM

2. Rightwingers don't want to pay taxes. Period.

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Response to liberal N proud (Original post)

Tue May 21, 2013, 07:29 AM

3. Okay, Sen. Levin...you know what the problem is...

SO FIX THE FUCKING TAX CODE! Stop blaming Apple for doing something YOU helped make perfectly legal.

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Response to Atman (Reply #3)

Tue May 21, 2013, 07:31 AM

4. Word!

Fucking Hypocrites... Barking about something that every major corporation does.

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Response to liberal N proud (Original post)

Tue May 21, 2013, 07:31 AM

5. You ought to see the trust, stacked upon trust, upon trust used by the 1% to avoid

paying taxes! That is why they call them "Trust Fund Babies!"

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Response to liberal N proud (Original post)

Tue May 21, 2013, 07:36 AM

6. I thought everyone loved the Bush, Obama, Pelosi, Reid tax cuts for the rich?

They were very popular here once Obama was elected.

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Response to RandiFan1290 (Reply #6)

Tue May 21, 2013, 09:48 AM

12. I thought everyone

What are you talking about?

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Response to liberal N proud (Original post)

Tue May 21, 2013, 08:20 AM

7. Corporations are the biggest welfare recipients in the country

A fact that most on the right ignore when they start complaining about living off of the government.

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Response to liberal N proud (Original post)

Tue May 21, 2013, 08:56 AM

8. "They are the job creators!!"

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Response to Liberal_Stalwart71 (Reply #8)

Tue May 21, 2013, 08:58 AM

9. Their telephone customer service people are paid shit wages

Apple relies on outsourced companies such ACS (a XEROX sister company) to answer their calls. ACS pays horrible wages.

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Response to Quantess (Reply #9)

Tue May 21, 2013, 09:22 AM

10. Every big business and corporation does that kind of stuff

In the garment industry many workers don't even know their salary. They are indentured. It is wrong, sick, immoral but But no one is doing anything to stop it. Instead we shovel money at these captains of industry and beg them to hire Americans. Corporate welfare is no different than the stupid bank bailouts where government throws money at corporations with no strings attached hoping they'll do something good with it and shocked when it just leads to lower wages, outsourcing, unemployment and sky high CEO salaries and perks.

And it's not just the US handing out taxpayer dollars to big business. Every country does it no matter what type of government they claim to be. Corporations rule and have corrupted every government to compete to serve them. Great deal if you're a corp.

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Response to Quantess (Reply #9)

Tue May 21, 2013, 09:26 AM

11. But...but...but..it's the Apple

iCrap people. They can't do anything wrong!

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