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liberal N proud

(60,300 posts)
Tue May 21, 2013, 06:51 AM May 2013

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!
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You hear all kinds of outrage from the right about welfare recipients but what about APPLE? (Original Post) liberal N proud May 2013 OP
I hear right-wingers saying "it's just a smart company taking advantage of the tax code" ... Scuba May 2013 #1
Rightwingers don't want to pay taxes. Period. Skidmore May 2013 #2
Okay, Sen. Levin...you know what the problem is... Atman May 2013 #3
Word! trumad May 2013 #4
You ought to see the trust, stacked upon trust, upon trust used by the 1% to avoid Dustlawyer May 2013 #5
I thought everyone loved the Bush, Obama, Pelosi, Reid tax cuts for the rich? RandiFan1290 May 2013 #6
I thought everyone grammiepammie May 2013 #12
Corporations are the biggest welfare recipients in the country AndyA May 2013 #7
"They are the job creators!!" Liberal_Stalwart71 May 2013 #8
Their telephone customer service people are paid shit wages Quantess May 2013 #9
Every big business and corporation does that kind of stuff abelenkpe May 2013 #10
But...but...but..it's the Apple HappyMe May 2013 #11
 

Scuba

(53,475 posts)
1. I hear right-wingers saying "it's just a smart company taking advantage of the tax code" ...
Tue May 21, 2013, 07:00 AM
May 2013

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

Atman

(31,464 posts)
3. Okay, Sen. Levin...you know what the problem is...
Tue May 21, 2013, 07:29 AM
May 2013
SO FIX THE FUCKING TAX CODE! Stop blaming Apple for doing something YOU helped make perfectly legal.

Dustlawyer

(10,493 posts)
5. You ought to see the trust, stacked upon trust, upon trust used by the 1% to avoid
Tue May 21, 2013, 07:31 AM
May 2013

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

RandiFan1290

(6,206 posts)
6. I thought everyone loved the Bush, Obama, Pelosi, Reid tax cuts for the rich?
Tue May 21, 2013, 07:36 AM
May 2013

They were very popular here once Obama was elected.

AndyA

(16,993 posts)
7. Corporations are the biggest welfare recipients in the country
Tue May 21, 2013, 08:20 AM
May 2013

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

Quantess

(27,630 posts)
9. Their telephone customer service people are paid shit wages
Tue May 21, 2013, 08:58 AM
May 2013

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

abelenkpe

(9,933 posts)
10. Every big business and corporation does that kind of stuff
Tue May 21, 2013, 09:22 AM
May 2013

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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