How Apple avoids paying taxes in CA

#1

Post by dot » Mon, Jun 28, 2010, 11:25 PM UTC

How Apple avoids paying taxes in CA
en.wikipedia.org

Re: How Apple avoids paying taxes in CA

#2

Post by towndrunk » Mon, Jun 28, 2010, 11:31 PM UTC

Seems like a smart business move to me. Are we suppose to be upset about this?

Re: How Apple avoids paying taxes in CA

#3

Post by dot » Mon, Jun 28, 2010, 11:38 PM UTC

towndrunk wrote: post #2

Seems like a smart business move to me. Are we suppose to be upset about this?

well, the state is bankrupt. partly because companies that embody its dreams are not chipping in with the bills.

Re: How Apple avoids paying taxes in CA

#4

Post by jrockway » Mon, Jun 28, 2010, 11:47 PM UTC

dot wrote: post #3

towndrunk wrote: post #2

Seems like a smart business move to me. Are we suppose to be upset about this?

well, the state is bankrupt. partly because companies that embody its dreams are not chipping in with the bills.

The state just needs to pass a better law. Apple is obligated by its contract to its shareholders to avoid taxes as much as possible; they are just avoiding a lawsuit. (I don't like this, but I understand it. The law just needs to catch up with the market, then everyone will be paying their fair share again.)

Re: How Apple avoids paying taxes in CA

#5

Post by eston » Mon, Jun 28, 2010, 11:49 PM UTC

It's a wonder that Apple is still a primarily American corporation at all. Really big companies like Accenture are multinational corporations, generally incorporated in a tax haven with decent legal standing and running its HQ in the US as a domestic subsidiary.

Re: How Apple avoids paying taxes in CA

#6

Post by technomancy » Mon, Jun 28, 2010, 11:49 PM UTC

MS does the same, though they have to buy off statesmen to get away with it: http://boingboing.net/2010/04/23/microsoft-wins-its-1.html

Re: How Apple avoids paying taxes in CA

#7

Post by towndrunk » Mon, Jun 28, 2010, 11:52 PM UTC

dot wrote: post #3

towndrunk wrote: post #2

Seems like a smart business move to me. Are we suppose to be upset about this?

well, the state is bankrupt. partly because companies that embody its dreams are not chipping in with the bills.

I hardly think the states issues with money are Apples problem to solve. The state is bankrupt because its congress spends more than it takes in.

Re: How Apple avoids paying taxes in CA

#8

Post by starkfist » Mon, Jun 28, 2010, 11:54 PM UTC

jrockway wrote: post #4

dot wrote: post #3

Earlier quoted context omitted.

well, the state is bankrupt. partly because companies that embody its dreams are not chipping in with the bills.

The state just needs to pass a better law. Apple is obligated by its contract to its shareholders to avoid taxes as much as possible; they are just avoiding a lawsuit. (I don't like this, but I understand it. The law just needs to catch up with the market, then everyone will be paying their fair share again.)

Has there ever been a lawsuit where the shareholders sued a company for not evading taxes?

Re: How Apple avoids paying taxes in CA

#9

Post by dumber » Mon, Jun 28, 2010, 11:58 PM UTC

towndrunk wrote: post #2

Seems like a smart business move to me. Are we suppose to be upset about this?

You prefer VAT increase of Apple paying CA taxes ? Moron...

Re: How Apple avoids paying taxes in CA

#10

Post by riferguson » Mon, Jun 28, 2010, 11:58 PM UTC

Judge Learned Hand: "Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one's taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands."