Avoided the most taxes in history too!
(according to Apple!)
https://www.apple.com/ca/newsroom/2017/11/the-facts-about-ap...
For example, you could get lower taxes by "getting married", even if you're just friends you can get lower tax rates, etc. That's a "loophole". Are we supposed to prove they "really wanted to get married"? Now apply that to potentially all deductables.....
Ha ha ... What about a trillion dollar company paying less than 0.9% tax in countries where tax is minimum 13-19% ? Are we supposed to prove they really tried to evade tax? Or companies not paying any tax at all by siphoning profits through fictive loans in places where they pay little or no tax?
I'm not sure if you get this but the issue is not about someone getting married to get lower taxes(even though that would be illegal just like married someone to get permanent residency is illegal).
https://www.theguardian.com/business/2014/nov/05/-sp-luxembo...
Deductions do have a use, they may encourage them to "go green" or whatever. But yeah there needs to be an actual minimum.
Apple doesn't make money to support governments.
Sure, but governments do support Apple and its employees.
Implying otherwise is dishonest and ridiculous.
Apple doesn't make money to support society and pay for the social infrastructure it uses to help it be successful.
FTFY
Many things are legal. This doesn't mean they shouldn't be illegal. Artificially changing the place where taxes are paid is one of the things that Apple is doing and should be illegal.
Companies like Apple not only use the system but they support it as well. If you want to fix the tax evading think that you will have to fight against Apple along with many other big corp and on top of that with all kind of rich, shady individuals.
That's just for the U.S., in every other country they do business those apply as well (with exception of perhaps the import duties for business done in China).
It's tax that would not have been paid if Apple did not exist.
>and duties go right into the price of the products,
And if the government said "Apple must now pay 50% on every dollar they make" guess what would go right into the price of the products...
>employees pay income tax.
Business owners must pay the federal government 6.2% of every dollar their worker makes until that annual salary reaches $113,700.
Then 1.45% of all pay regardless of how high it goes for medicare.
And unemployment insurance in whatever state.
You can credit Apple with generating those taxes, but they don't get credit for paying that tax on their profits.
>"Apple must now pay 50% on every dollar they make" guess what would go right into the price of the products...
Yes, Apple's prices would go up to compensate, and consumers would be footing the bill.
>Business owners must pay the federal government 6.2% of every dollar their worker makes ...
Business owners must collect that amount, so my pay is reduced by that amount - I am paying that tax, the employer is just the tax man's agent.
You can also credit Apple for the countless iOS developers that have made anywhere from a living to a fortune, that have all paid taxes on their earnings, that have also created likely hundreds of thousands of jobs for everything from customer support to developers inside those iOS development companies, all of which have had income and thus paid taxes, directly as a result of Apple existing.
> When Apple sold iPhones, iPads, and Macs in an EU single-market nation, such as France, the commission said Apple would funnel the profits from France to Ireland and would not pay tax in either country.
Given that most of their tech stack comes from
publicly funded research, the system is clearly broken.