[lbo-talk] Apple CEO rejects 'tax evasion' charges

Max Sawicky sawicky at verizon.net
Tue May 21 14:28:49 PDT 2013


The crime is what's legal, and what's legal is decided by the Congress. As far as Apple goes, you might as well denounce mosquitoes because they're always biting people.

On Tue, May 21, 2013 at 4:52 PM, Wojtek S <wsoko52 at gmail.com> wrote:


> The report says Apple capitalises on a difference between US and Irish
> rules regarding tax residency.
>
> In Ireland, a company must be managed and controlled in the country to be a
> tax resident. Under US law, a company is a tax resident of the country in
> which it was established.
>
> The subcommittee said Apple's strategy of not declaring tax residency in
> any country could be unique among corporations.
>
> "Apple wasn't satisfied with shifting its profits to a low-tax offshore tax
> haven," Senator Carl Levin, the subcommittee's chairman, said in a
> statement.
>
> The subcommittee report also noted that Apple has been setting aside
> billions for tax bills it may never pay.
>
> As previously reported by the AP news agency, the overlooked asset that
> Apple has been building up could boost its profits by as much as $10.5bn.
> http://www.aljazeera.com/business/2013/05/201352165831522483.html
>
> [WS:] Yet another reason to hate Apple - not only sweat shop drivers but
> also the largest tax dodger.
>
>
> --
> Wojtek
>
> "An anarchist is a neoliberal without money."
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>



More information about the lbo-talk mailing list