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Thread: Computer giant Apple avoiding $25 billion in taxes with secret Irish tax haven

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    Politics.ie Member Socratus O' Pericles's Avatar
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    Default Computer giant Apple avoiding $25 billion in taxes with secret Irish tax haven

    Computer giant Apple avoiding $25 billion in taxes with secret Irish tax haven


    Computer giant Apple has been accused of using offshore operations in Ireland to avoid billions of dollars in US taxes. The total for Ireland may be as high as $25 billion over the past three years

    It says Apple was incorporated in Ireland in 1980 and reported income totalling $30 billion from 2009-12.

    A second Irish subsidiary, Apple Sales International, which the computer manufacturer claims is also not tax-resident anywhere, had sales revenue of $74 billion over the same period.

    The report adds that the subcommittee claims that the iPhone and iPad manufacturer has negotiated a tax rate of less than 2 per cent with the Irish Government. This is significantly lower than the State’s 12.5 per cent corporate tax rate.

    I am a left wing begrudger living in a miasma of hate against those who have get up and go and want to make something of themselves and am therefore not qualified to speak

    So can someone of a more right wing disposition please explain to me how the above is right.......morally...............legally........e conomically..............spiritually.......philoso phically.


    Thanks very much


    <Mod> Posts have been moved to this thread from here. </Mod>
    Last edited by stringjack; 21st May 2013 at 05:09 PM. Reason: Moved posts.
    The truth of an idea is not a stagnant property inherent in it. Truth happens to an idea. It becomes true, is made true by events.

  2. #2
    Dylan2010
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    Quote Originally Posted by Socratus O' Pericles View Post
    Computer giant Apple avoiding $25 billion in taxes with secret Irish tax haven





    I am a left wing begrudger living in a miasma of hate against those who have get up and go and want to make something of themselves and am therefore not qualified to speak

    So can someone of a more right wing disposition please explain to me how the above is right.......morally...............legally........e conomically..............spiritually.......philoso phically.


    Thanks very much
    better Apple developing new products and advancing computer technology than the US government improving Drone technology

  3. #3

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    Quote Originally Posted by Dylan2010 View Post
    better Apple developing new products and advancing computer technology than the US government improving Drone technology
    If this goes on the international tax avoidance will soon be declared a terrorist activity in the US.

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    Politics.ie Member LamportsEdge's Avatar
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    Quote Originally Posted by YouKnowWhatIMeanLike View Post
    If this goes on the international tax avoidance will soon be declared a terrorist activity in the US.
    Entirely possible. The original impetus for 'white listing' of banks and so on behind this international crackdown on financial havens was because the funding for 9/11 terrorists came through the legitimate banking system from Bahrain. The Americans have been driving the examination and oversight of money flows in and out of havens ever since at OECD level.
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

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    Politics.ie Member Socratus O' Pericles's Avatar
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    .........the subcommittee has highlighted how Apple has taken advantage of a difference between Irish and US tax residency rules.
    Irish subsidiary, Apple Operations International, is incorporated in Ireland but it does not pay taxes in Ireland because the company is neither managed nor controlled in Ireland.
    The company also does not pay taxes in the US either because it is not US tax-resident under US tax law.
    Senator Carl Levin, a Democrat from Michigan and chairman of the subcommittee, said: “Apple wasn’t satisfied with shifting its profits to a low-tax offshore tax haven

    “Apple has created offshore entities holding tens of billions of dollars, claiming to be tax resident nowhere.”

    This is deeply immoral in my view. The don't give tax to the Govt. because they might waster soome of it nonsense hardly applies here. This is just naked greed .......or am I missing some deeeper philosophical point?
    The truth of an idea is not a stagnant property inherent in it. Truth happens to an idea. It becomes true, is made true by events.

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    Dylan2010
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    Quote Originally Posted by Socratus O' Pericles View Post
    This is deeply immoral in my view. The don't give tax to the Govt. because they might waster soome of it nonsense hardly applies here. This is just naked greed .......or am I missing some deeeper philosophical point?
    just a mundane one, one never has to pay a cent more then one is legally obliged to do.

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    Politics.ie Member LamportsEdge's Avatar
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    Quote Originally Posted by Dylan2010 View Post
    just a mundane one, one never has to pay a cent more then one is legally obliged to do.
    So much for corporate social responsibility. Does Apple have such a policy? If they do it is rendered utterly pointless by this sort of coverage.
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

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    Dylan2010
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    Quote Originally Posted by LamportsEdge View Post
    So much for corporate social responsibility. Does Apple have such a policy? If they do it is rendered utterly pointless by this sort of coverage.
    Im not sure how the 2 are connected. Profits are normally paid out via dividends so they become income of the shareholders and can be taxed there, in the meantime they are under no obligation to chase after the taxman and throw money at them thus undermining their own ability to reinvest which is good for everyone. what do we want.....More Ipads less Drones!

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    Politics.ie Member LamportsEdge's Avatar
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    Quote Originally Posted by Dylan2010 View Post
    Im not sure how the 2 are connected. Profits are normally paid out via dividends so they become income of the shareholders and can be taxed there, in the meantime they are under no obligation to chase after the taxman and throw money at them thus undermining their own ability to reinvest which is good for everyone. what do we want.....More Ipads less Drones!
    Fine. Seize Apples property, premises and any cash travelling through the Irish jurisdiction and refuse to release any of it except for shares in which the state could expect dividends then- somewhere to the level of 12.5% corporation tax. Sorted.

    Apple are no different to Dupont Chemicals. They make shiny things which attract consumer jackdaws. We could at least be sensible enough to charge them rent for their nest.

    And who is going to pay your state pension? Apple or the Irish State? Guess what answer you'd get from Apple? Were you born in a brand warehouse or somewhere?
    Whenever understanding exists, accepting or rejecting is unnecessary. (Fundamentals of a Gnostic Education).

  10. #10

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    Quote Originally Posted by Socratus O' Pericles View Post
    This is deeply immoral in my view. The don't give tax to the Govt. because they might waster soome of it nonsense hardly applies here. This is just naked greed .......or am I missing some deeeper philosophical point?

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