Earlier quoted context omitted.
This is not the fault of Capitalism alone. In a healthy democracy, the people vote in the Government, who can impose fines, tariffs, penalties and such on companies and business practices that the people (via the people they elect) deem to be working against them. Sadly, as you point out, this creates a direct incentive to lobby or otherwise attempt to control Government by large and powerful companies. The only way…
The people of Ireland have democracy, perhaps they have different views on taxation than you do. It may come as a surprise to you but some people aren't so greedy as to believe that they are entitled to the fruits of other's labour.
How Apple sidestepped a 2013 crackdown on its Irish tax practices
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Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#42If you unplugged Apple's board (or given decision-making apparatus) and plugged in a (currently nonexistent) AI with the parameter "Maximize Profit," would you see a different result? I think not. I think we'd see things far more morally horrifying, in fact, with just enough PR makeup to ensure "maximized profit." Unsure why we laud capitalism and then act horrified at the result. Here in America we've made our decis…
I see your point about the bad side of capitalism, but consider that this kind of abuse is only possible because the governments allow it. No economic system can live up to its design when corrupt governments interfere with it.
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#43If what they're doing is illegal, slap them with a fine too (like EU did...it's currently on appeal i think)
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#44If you unplugged Apple's board (or given decision-making apparatus) and plugged in a (currently nonexistent) AI with the parameter "Maximize Profit," would you see a different result? I think not. I think we'd see things far more morally horrifying, in fact, with just enough PR makeup to ensure "maximized profit." Unsure why we laud capitalism and then act horrified at the result. Here in America we've made our decis…
This is not the fault of Capitalism alone. In a healthy democracy, the people vote in the Government, who can impose fines, tariffs, penalties and such on companies and business practices that the people (via the people they elect) deem to be working against them. Sadly, as you point out, this creates a direct incentive to lobby or otherwise attempt to control Government by large and powerful companies. The only way…
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#45Earlier quoted context omitted.
The people of Ireland have democracy, perhaps they have different views on taxation than you do. It may come as a surprise to you but some people aren't so greedy as to believe that they are entitled to the fruits of other's labour.
Most Irish citizens had no idea about the extend of this.
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#46If you unplugged Apple's board (or given decision-making apparatus) and plugged in a (currently nonexistent) AI with the parameter "Maximize Profit," would you see a different result? I think not. I think we'd see things far more morally horrifying, in fact, with just enough PR makeup to ensure "maximized profit." Unsure why we laud capitalism and then act horrified at the result. Here in America we've made our decis…
If you unplugged the government's board (or given decision-making apparatus) and plugged in a (currently nonexistent) AI with the parameter "Maximize Power of Government," would you see a different result? I think not. ----- My point is that you are implying government is the alternative ("they will govern morally! academics will keep them in check! journalists will keep them in check!") then you need to rethink your…
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#47Point of debate: Why should Apple have the US government lay claim to the revenue/profits that it generates in non US countries? From the article: "This allowed Apple to funnel all its sales outside of the Americas - currently about 55% of its revenue - through Irish subsidiaries that were effectively stateless for taxation purposes, and so incurred hardly any tax." If you support the taxation, do you also support th…
"If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside."
Per https://www.irs.gov/individuals/international-taxpayers/taxp...
EDIT: To answer your question, no, I don't like that, but I don't think "companies" should be exempt.
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#48If you unplugged Apple's board (or given decision-making apparatus) and plugged in a (currently nonexistent) AI with the parameter "Maximize Profit," would you see a different result? I think not. I think we'd see things far more morally horrifying, in fact, with just enough PR makeup to ensure "maximized profit." Unsure why we laud capitalism and then act horrified at the result. Here in America we've made our decis…
Re: How Apple sidestepped a 2013 crackdown on its Irish tax practices
#49> "...We do not stash money on some Caribbean island." Nope. Just Jersey. Much less exotic!