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  1. Thread AuthorThread Author   #1  
    JustMe'D's Avatar

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    Default Is Apple Guilty of Tax Evasion?

    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.

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  2. #2  
    Karenkcoulter's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by JustMe'D View Post
    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.

    Agreed. At worst, they are "guilty" of following the laws Congress created.
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  3. Thread AuthorThread Author   #3  
    JustMe'D's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Karenkcoulter View Post
    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.
  4. #4  
    BLiNK's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    'merica! what a joke.
    Last edited by Alli; 05-21-2013 at 12:32 PM. Reason: Removed vulgarity
  5. #5  
    kch50428's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by BLiNK View Post
    '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.
    Keith - iMore Moderator - The Mobile Nations/iMore Forum Rules
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  6. #6  
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    Default Re: Is Apple Guilty of Tax Evasion?

    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).
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  7. #7  
    kch50428's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    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...
    Keith - iMore Moderator - The Mobile Nations/iMore Forum Rules
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  8. #8  
    Jaguarr40's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by JustMe'D View Post
    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.
    ~JAG~
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  9. Thread AuthorThread Author   #9  
    JustMe'D's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Karenkcoulter View Post
    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...
  10. Thread AuthorThread Author   #10  
    JustMe'D's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by kch50428 View Post
    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?"
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  11. Thread AuthorThread Author   #11  
    JustMe'D's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Jaguarr40 View Post
    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...
  12. #12  
    Fausty82's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    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?
    Curmudgeon and Former Member/Participant
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    JustMe'D (05-21-2013), kch50428 (05-21-2013)
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  13. #13  
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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by kch50428 View Post
    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
  14. #14  
    GingerSnapsBack's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    What large company isn't?
    Dude! You slapped a fish. You punched it! Why would you hit it?

    So she's praying...To Justin Timberlake apparently
  15. #15  
    cardfan's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Fausty82 View Post
    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?
    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.
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  16. Thread AuthorThread Author   #16  
    JustMe'D's Avatar

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    Default Is Apple Guilty of Tax Evasion?

    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?
  17. #17  
    Karenkcoulter's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by JustMe'D View Post
    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?
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  18. #18  
    mulasien's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by JustMe'D View Post
    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 JustMe'D like this.
  19. #19  
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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Karenkcoulter View Post
    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.
  20. #20  
    Karenkcoulter's Avatar

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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Mr.Willie View Post
    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. :-)
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  21. #21  
    mulasien's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    Quote Originally Posted by Karenkcoulter View Post
    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).
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  22. #22  
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    Default Re: Is Apple Guilty of Tax Evasion?

    NOt sure if it is so much the Admin. John McCain seems to be at the forefront..
  23. #23  
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    Default Re: Is Apple Guilty of Tax Evasion?

    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.
  24. #24  
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    Default Re: Is Apple Guilty of Tax Evasion?

    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
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  25. #25  
    Fausty82's Avatar
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    Default Re: Is Apple Guilty of Tax Evasion?

    Senator Rand Paul (R-Ky) nailed it...

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