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Apple becomes the first $1T company

washingtonpost.com

61–70 of 352 posts

Re: Apple becomes the first $1T company

#61

Avoided the most taxes in history too!

Except, you know, all the sales tax collected in their retail channels. And employment taxes on their 80,000 domestic employees. And property taxes. And real-estate fees. And government testing. And the obscene amounts of duties they pay importing every single thing they make. 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 busines…

> Apple Inc., which is based in California, set up two companies in Ireland: Apple Sales International and Apple Operations Europe. According to the European Commission, these companies had no employees or real offices but still realized large profits. Apple paid virtually no tax to Ireland, or to any country, on these profits because of a former law in Ireland. In the last year that the law was in effect, 2015, Apple Sales International paid just 0.005% tax, according to the commission.

> 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.

Re: Apple becomes the first $1T company

#63

Earlier quoted context omitted.

I didnt know this about NT - Where did they come from?

NT has a lot of VMS roots.

Probably a coincidence, but a lot of noticed that "WNT" is one letter on from "VMS".

Mind you, HAL is one letter behind IBM.

Re: Apple becomes the first $1T company

#65
post #4

If time travel existed, I'd go back and buy me some 1980's Apple stock. I think we just proved time travel can't happen.

Or 1996.

Seriously, my wife and I bought a pile of Apple stock in 2004.

I wonder if we were time travelers in that old timeline.

Re: Apple becomes the first $1T company

#66
post #57

Earlier quoted context omitted.

doesn't mean he held them though

This is what I tell everyone when they kick themselves for not buying BTC when it was $0.25. You would have sold them the second they hit $1.00. The only people I know who got rich off BTC are those who found an old wallet on an old drive in their garage.

Definitely - getting rich off these things means you have to go against convention. People have to call you "crazy" or "wild."

Re: Apple becomes the first $1T company

#67

Earlier quoted context omitted.

In the case of Microsoft they directly acquired the original DOS and the designers of Windows NT - so they've perhaps done that twice?

I didnt know this about NT - Where did they come from?

You can read more about it in a story from 1998 that was posted here two days ago (probably part of the reason that so many ITT know the story ;))

https://news.ycombinator.com/item?id=17652502

Re: Apple becomes the first $1T company

#70

Avoided the most taxes in history too!

Except, you know, all the sales tax collected in their retail channels. And employment taxes on their 80,000 domestic employees. And property taxes. And real-estate fees. And government testing. And the obscene amounts of duties they pay importing every single thing they make. 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 busines…

The tax deal Apple made with Ireland between 1991 and 2015 allowed them to avoid tax on almost all profits across the EU, booking the profits in Ireland rather than the country of sale and paying less than 1% corporation tax (0.005% in 2014). Given that most of their tech stack comes from publicly funded research, the system is clearly broken.
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