Apple Says It All
- Thread starter NOIRTRASH
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4est_4est_Gump
Run Forrest! RUN!
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How ese do you keep peasants merely revolting and not revolting against the elite?
NOIRTRASH
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How ese do you keep peasants merely revolting and not revolting against the elite?
Chelsea and Ivanka need 10 million dollar apartments, I have a modest house that cost 50K 35 years ago. Ivanka's ski trip prolly cost more than my house is worth.
trysail
Catch Me Who Can
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Summary: "You can have taxes or you can have jobs, but you can't have both."
...As our business has grown over the years, we have become the largest taxpayer in Ireland, the largest taxpayer in the United States, and the largest taxpayer in the world...
...We now find ourselves in the unusual position of being ordered to retroactively pay additional taxes to a government that says we don't owe them any more than we've already paid.
The Commission’s move is unprecedented and it has serious, wide-reaching implications. It is effectively proposing to replace Irish tax laws with a view of what the Commission thinks the law should have been. This would strike a devastating blow to the sovereignty of EU member states over their own tax matters, and to the principle of certainty of law in Europe. Ireland has said they plan to appeal the Commission’s ruling and Apple will do the same...
...Beyond the obvious targeting of Apple, the most profound and harmful effect of this ruling will be on investment and job creation in Europe. Using the Commission’s theory, every company in Ireland and across Europe is suddenly at risk of being subjected to taxes under laws that never existed...
-Tim Cook
CEO
Apple, Inc.
(letter to Apple community in Europe)
http://www.apple.com/ie/customer-letter/
CEO
Apple, Inc.
(letter to Apple community in Europe)
http://www.apple.com/ie/customer-letter/
Rachel_X
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Clever. Very clever.
trysail
Catch Me Who Can
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No...
Colonel Hogan
Madness
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It's actually easier to rationalize why the government might incompetently manage 100% than it is to comprehend why God needs 10% when He allegedly made the entire fricking universe out of nothing. I mean, the guy invented GOLD, ffs. Did he forget all the places he put it?
NOIRTRASH
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Gotta keep it hid from the Clintons
4est_4est_Gump
Run Forrest! RUN!
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4est_4est_Gump
Run Forrest! RUN!
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The Big T will piss the shit out of the Progressives because it looks too much like a cross whereas the big golden 'C' would look like a crescent...
Tolerance and Diversity!
ishtat
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The tax system is a mess world wide. Obama has done nothing substantial to reform it for 8 years and GWB just saw it as a method of giving his mates freebies. US corporate taxes at 35% are far too high but imagine the political difficulty of lowering them to an internationally competitive level of say 22 to 25% - even though the IRS would collect more at a lower rate.
The EU decision is also wrong as they are using competition law to enforce tax collection - for which they have no authority under EU treaties. However the EU court is a tool of Brussels so expect no relief there.
Sympathy for Apple, Amazon, Starbucks etc - absolutely none. Apple paid an effective rate in Ireland of 0.0005%. Gaming the system like that invites trouble.
Taxing profit Nationally in an International trading environment doesn't work any more, it's too easy to avoid, but don't expect the politicians to sort it out in a hurry. They are all too weak to make the tough decisions. It's a clusterfuck and we will probably get a period of kneejerk protectionism and recession, before any real reform. Assuming Clinton wins the election, America is likely to get some watered down Bernie Sanders approach to corporate taxation which will make the overall situation much worse.
The EU decision is also wrong as they are using competition law to enforce tax collection - for which they have no authority under EU treaties. However the EU court is a tool of Brussels so expect no relief there.
Sympathy for Apple, Amazon, Starbucks etc - absolutely none. Apple paid an effective rate in Ireland of 0.0005%. Gaming the system like that invites trouble.
Taxing profit Nationally in an International trading environment doesn't work any more, it's too easy to avoid, but don't expect the politicians to sort it out in a hurry. They are all too weak to make the tough decisions. It's a clusterfuck and we will probably get a period of kneejerk protectionism and recession, before any real reform. Assuming Clinton wins the election, America is likely to get some watered down Bernie Sanders approach to corporate taxation which will make the overall situation much worse.
NOIRTRASH
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Being an old fascist I'd compel every company to make their wares in America. As it is they make their wares abroad for pennies, sell these wares to themselves at their Brit Caribbean offices, then sell again to their American corporate offices, and what cost a nickel to make now costs consumers one hundred dollars. And they pay taxes on pennies because all the real profit is in the bank on the Brit island.
Another big corporate scam is retirement. The promise is a cash payout when you retire or become vested in the plan. But in reality the company puts a huge chunk of its money in the bank, fires you before you qualify for the payout, and the money goes to the corporate officers as stock shares. End the slush funds and put the money in social security escrow accounts you get when you retire. I contributed to my unions pension fund from 1972 till 1987, and in that whole time I never qualified for a pension. Every hour I worked one dollar went to the pension fund. I got zero. The union officers stole the pension fund.
Another big corporate scam is retirement. The promise is a cash payout when you retire or become vested in the plan. But in reality the company puts a huge chunk of its money in the bank, fires you before you qualify for the payout, and the money goes to the corporate officers as stock shares. End the slush funds and put the money in social security escrow accounts you get when you retire. I contributed to my unions pension fund from 1972 till 1987, and in that whole time I never qualified for a pension. Every hour I worked one dollar went to the pension fund. I got zero. The union officers stole the pension fund.
