1. Just_Me_D's Avatar
    In my opinion, they are not and Apple indeed lays out its case in compelling fashion. You can read a summarized version via the iMore Blog.

    Apple already pays $1 out of every $40 tax dollars the U.S. collects. How much more does the Senate want?
    Ipheuria likes this.
    05-21-2013 06:38 AM
  2. warcraftWidow's Avatar
    In my opinion, they are not and Apple indeed lays out its case in compelling fashion. You can read a summarized version via the iMore Blog.

    Apple already pays $1 out of every $40 tax dollars the U.S. collects. How much more does the Senate want?
    Agreed. At worst, they are "guilty" of following the laws Congress created.
    Just_Me_D and Fausty82 like this.
    05-21-2013 06:46 AM
  3. Just_Me_D's Avatar
    Agreed. At worst, they are "guilty" of following the laws Congress created.
    No doubt and as I've maintained for quite some time, this admin wants to rid Apple of it stockpile.
    05-21-2013 06:49 AM
  4. BLiNK's Avatar
    'merica! what a joke.
    Last edited by Alli; 05-21-2013 at 12:32 PM. Reason: Removed vulgarity
    05-21-2013 11:45 AM
  5. kch50428's Avatar
    'merica! what a (something I won't repeat) joke.
    Perhaps you'd be happier in a place about 90 miles off the tip of South Florida...
    Last edited by kch50428; 05-21-2013 at 12:20 PM.
    05-21-2013 11:57 AM
  6. warcraftWidow's Avatar
    I usually consider myself fairly liberal but Congress's actions here are ridiculous. They passed the laws; Apple followed them. If they don't like them then they can try to pass laws to change them. I don't see Congress calling out Exxon (company with the largest market cap currently) over taxes. In fact, Congress gives Exxon lots of money in the form of tax subsidies.

    And any public company has a fiduciary duty to try to lower their taxes within the law. I'm sure all of the S&P 500 employs similar strategies to Apple to attempt to lower their tax bill.

    To me the issue with these hearings is not how much tax overall that Apple pays (we can and should as a country have a discussion about what we think corporate tax rates should be), but that they are singling out Apple for what are common practices for public companies.

    Congress reminds me of taking my kids to the ice cream shop. After much deliberation, my daughter finally chooses chocolate (Congress passes tax law). She eats over half the ice cream (time passes and taxes are collected in accordance with the laws Congress passed). Then she tells me that she changed her mind and she really wants vanilla (Congress decides the tax laws are not having the intended effect) and lies down in the middle of the ice cream store and has a tantrum hoping that the public embarrassment of her tantrum will make me give in (Congress holds pointless hearings trying to shame and embarrass a company into paying more taxes than it legally owes).
    Ipheuria likes this.
    05-21-2013 12:07 PM
  7. kch50428's Avatar
    That (expletive deleted) committee ought to bring in the CEO of General Electric and force him to explain exactly how his corporation paid ZERO income taxes...
    05-21-2013 12:10 PM
  8. Jaguarr40's Avatar
    No doubt and as I've maintained for quite some time, this admin wants to rid Apple of it stockpile.
    Well if stockpile of iPads that might happen since the Turkish Prime Minister wants to buy 10.6 million was it worth of tablets for schools to be efficient. He is looking at Apple, Microsoft and Android.

    [EDIT] I know everyone is talking about stockpile of money but Apple just keeps selling.
    Last edited by Jaguarr40; 05-21-2013 at 12:27 PM.
    05-21-2013 12:14 PM
  9. Just_Me_D's Avatar
    I usually consider myself fairly liberal but Congress's actions here are ridiculous. They passed the laws; Apple followed them. If they don't like them then they can try to pass laws to change them. I don't see Congress calling out Exxon (company with the largest market cap currently) over taxes. In fact, Congress gives Exxon lots of money in the form of tax subsidies.

    And any public company has a fiduciary duty to try to lower their taxes within the law. I'm sure all of the S&P 500 employs similar strategies to Apple to attempt to lower their tax bill.

    To me the issue with these hearings is not how much tax overall that Apple pays (we can and should as a country have a discussion about what we think corporate tax rates should be), but that they are singling out Apple for what are common practices for public companies.

    Congress reminds me of taking my kids to the ice cream shop. After much deliberation, my daughter finally chooses chocolate (Congress passes tax law). She eats over half the ice cream (time passes and taxes are collected in accordance with the laws Congress passed). Then she tells me that she changed her mind and she really wants vanilla (Congress decides the tax laws are not having the intended effect) and lies down in the middle of the ice cream store and has a tantrum hoping that the public embarrassment of her tantrum will make me give in (Congress holds pointless hearings trying to shame and embarrass a company into paying more taxes than it legally owes).
    'Nuf said...
    05-21-2013 12:24 PM
  10. Just_Me_D's Avatar
    That (expletive deleted) committee ought to bring in the CEO of General Electric and force him to explain exactly how his corporation paid ZERO income taxes...
    I asked this question via Twitter earlier: "Has any1 asked the people serving on the Congressional committee, questioning Tim Cook, abt the possible off-shore location of their money?"
    05-21-2013 12:26 PM
  11. Just_Me_D's Avatar
    Well if stockpile of iPads that might happen since the Turkish Prime Minister wants to buy 10.6 million was it worth of tablets for schools to be efficient. He is looking at Apple, Microsoft and Android.
    I hear ya...
    05-21-2013 12:27 PM
  12. Fausty82's Avatar
    At the risk of offending some of the more liberal members here (NOT my intent - not looking to start any kind of flame war)... this is much ado about nothing ... it’s more class warfare, petty jealousy and attempted redistribution of wealth.

    As others have stated, Congress has passed the laws and Apple has found a way to benefit from the existing laws. Congress' only remedies are to (1) shut the heck up or (2) change the laws.

    Finally, if CON is the opposite of PRO, does that mean that CONgress is the opposite of PROgress?
    kch50428, Ipheuria and Just_Me_D like this.
    05-21-2013 12:32 PM
  13. BLiNK's Avatar
    Perhaps you'd be happier in a place about 90 miles off the tip of South Florida...
    that depends on if they have those cool drinks with the little umbrellas in them
    05-21-2013 12:48 PM
  14. GingerSnapsBack's Avatar
    What large company isn't?
    05-21-2013 12:53 PM
  15. cardfan's Avatar
    At the risk of offending some of the more liberal members here (NOT my intent - not looking to start any kind of flame war)... this is much ado about nothing ... its more class warfare, petty jealousy and attempted redistribution of wealth.

    As others have stated, Congress has passed the laws and Apple has found a way to benefit from the existing laws. Congress' only remedies are to (1) shut the heck up or (2) change the laws.

    Finally, if CON is the opposite of PRO, does that mean that CONgress is the opposite of PROgress?
    Yep, much ado about nothing. It's just politics. Half the senate committee is gushing over just meeting Apple with the "i so love apple" comments. The good senators all practice tax avoidance. So do most people with half a brain. Should you rent or buy a house? Buying might be better because you can deduct interest? You tax avoider you.. How immoral..lol

    As Sen. Paul said, they should haul in a giant mirror if they want to get to the bottom of this But anyways, he's correct, just bump it down to 5% and get those funds home to be spent, used, whatever. The alternative is nothing..or less than nothing considering they won't be used here and will stay parked overseas.
    kch50428 likes this.
    05-21-2013 12:56 PM
  16. Just_Me_D's Avatar
    Don't you just love how it is considered "tax evasion" when a person or company finds a legal way to keep the money they've earned? I've heard people say, "Apple has too much money and need to give some of it back to the customers who helped them acquire that money"...Really? Are you going to give back the products you bought from Apple as well as forfeit benefits from the use of those products? How much is "too much" and who are you to decide that it is too much?
    Last edited by JustMe'D; 05-21-2013 at 01:37 PM.
    Fausty82, cardfan and MRSBROWN2006 like this.
    05-21-2013 01:09 PM
  17. warcraftWidow's Avatar
    Don't you just live how it is considered "tax evasion" when a person or company finds a legal way to keep the money they've earned? I've heard people say, "Apple has too much money and need to give some of it back to the customers who helped them acquire that money"...Really? Are you going to give back the product you bought from Apple as well as forfeit the the benefit from the use of those products? How much is "too much" and who are you to decide that it is too much?
    And if you don't want Apple to have any more profits, don't buy their products. Buy a Galaxy 4 instead-the US gov't gets lots of profit from Samsung, right?
    Just_Me_D and Fausty82 like this.
    05-21-2013 01:35 PM
  18. mulasien's Avatar
    No doubt and as I've maintained for quite some time, this admin wants to rid Apple of it get their grubby hands on their stockpile.
    Fixed for accuracy
    kch50428 and Just_Me_D like this.
    05-21-2013 02:43 PM
  19. Mr.Willie's Avatar
    I usually consider myself fairly liberal but Congress's actions here are ridiculous. They passed the laws; Apple followed them. If they don't like them then they can try to pass laws to change them. I don't see Congress calling out Exxon (company with the largest market cap currently) over taxes. In fact, Congress gives Exxon lots of money in the form of tax subsidies.

    And any public company has a fiduciary duty to try to lower their taxes within the law. I'm sure all of the S&P 500 employs similar strategies to Apple to attempt to lower their tax bill.

    To me the issue with these hearings is not how much tax overall that Apple pays (we can and should as a country have a discussion about what we think corporate tax rates should be), but that they are singling out Apple for what are common practices for public companies.

    Congress reminds me of taking my kids to the ice cream shop. After much deliberation, my daughter finally chooses chocolate (Congress passes tax law). She eats over half the ice cream (time passes and taxes are collected in accordance with the laws Congress passed). Then she tells me that she changed her mind and she really wants vanilla (Congress decides the tax laws are not having the intended effect) and lies down in the middle of the ice cream store and has a tantrum hoping that the public embarrassment of her tantrum will make me give in (Congress holds pointless hearings trying to shame and embarrass a company into paying more taxes than it legally owes).
    A good but t whipping will put a stop to that, both children and congress.
    05-21-2013 02:58 PM
  20. warcraftWidow's Avatar
    A good but t whipping will put a stop to that, both children and congress.
    Well I don't let my kids get away with that and I vote. So I do my part. :-)
    Fausty82 likes this.
    05-21-2013 02:59 PM
  21. mulasien's Avatar
    Well I don't let my kids get away with that and I vote. So I do my part. :-)
    Sadly, as Idiocracy becomes more and more a reality, the numbers are against us (voting wise).
    05-21-2013 04:13 PM
  22. vdroide's Avatar
    NOt sure if it is so much the Admin. John McCain seems to be at the forefront..
    05-21-2013 10:12 PM
  23. BlackBerry Guy's Avatar
    As a private citizen, I hire an accountant to use their knowledge to minimize the taxes I have to pay, and maximize my return. I would expect corporations to do the same thing only on a grander and more complicated scale. After all, who likes to pay one more cent of their money than they need to the government? As long as it's legal I don't see what the issue is.
    KaterinaM likes this.
    05-21-2013 11:35 PM
  24. jclisenby's Avatar
    It's not taxable income in the US until the company brings it into the US. Making and keeping money offshore isn't tax evasion, it's good business practice.


    Tappin and Talkin from my iPhone 5
    05-21-2013 11:38 PM
  25. Fausty82's Avatar
    Senator Rand Paul (R-Ky) nailed it...

    05-21-2013 11:43 PM
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