Someplace to stash my stuff
cheats on Australian taxes
Published on March 5, 2014 By starkers In Personal Computing

Take a look here - http://au.finance.yahoo.com/news/9bn-apple-profit-moved-offshore-214020163.html - to see just how rotten Apple really is... hides billions to avoid taxes...

 BASTARDS


Comments (Page 1)
on Mar 05, 2014

Not any different than what any other large corporation based in any country does.  Pretty much business as usual for them, for us, it's 'Oh I see Mr. Smith that you failed to report your total income for the last tax year.'   

on Mar 05, 2014

Nothing immoral or wrong with legal tax-avoidance.  It's just different in scale compared to what you and I do every day without thinking twice about it.  No more 'bastards' than you or I... maybe less so in my case.

No one is 'entitled' to their profits except their shareholders/investors.  Certainly not any government.

If the law permits them to do what they've done, they have a fiduciary responsibility to their shareholders to maximize returns by doing so.  I'd be pissed as a shareholder if they didn't take advantage of legal tax-avoidance to the maximum extent allowed.  Laws broken - different story.  But it admittedly gets a bit murky with multinationals & various countries competing for various slices of a company's pie.

on Mar 05, 2014

I'm sure Gina Rinehart had a chat with Palmer and made sure a fellow 'mining mate' would vote to repeal the Carbon Tax......God forbid she's taxed on her PERSONAL income currently rated at....$1,077,054.00 ..... every 30 minutes....

on Mar 05, 2014

I'd offer to temp for her for a few minutes, and collect her salary during that time, but I'm not sure it'd be worth it for having to deal with her...

 

on Mar 05, 2014

$1,077,054.00 ..... every 30 minutes

Damn good work, if you can get it.

on Mar 06, 2014

Daiwa
Nothing immoral or wrong with legal tax-avoidance.

Well, there's nothing illegal about it.

As for 'immoral or wrong'? That might be argued, depending on one's moral values...

on Mar 06, 2014

I agree with Doc. There's a big difference between the two. Unfortunately morality, like everything else, takes a distant second when it comes to money.

on Mar 06, 2014

I agree 'it might be argued' and we are all entitled to our opinion in that regard.  All Chick-fil-A's are closed on Sunday.  But one can't force one's 'morality' on someone else except through laws.

 

on Mar 06, 2014

Daiwa
But one can't force one's 'morality' on someone else except through laws.

Forcing one group's norms on another implies violence whereas respect, moderation and tolerance are the hallmarks of America.

Our government is expressly forbidden from espousing or favoring one religion and its values (morals) over another, or over a lack of religion (not to imply a lack of morality). There are areas of 'Morality' in which various religions differ. When legislating, these areas should be avoided or should regard the behavior involved independently of religion.

So, 'Norms' might be a better term/concept to use. Thus, the 'Blue Laws' regarding mandatory business closure on Sunday were modified to include other closure days.

 

on Mar 06, 2014

Apple's taxes go up = Apple's costs go up = Apple's prices go up = the consumer pays for it.  The consumer always pays (assuming the company stays in business).

on Mar 06, 2014

DaveRI

Apple's taxes go up = Apple's costs go up = Apple's prices go up = the consumer pays for it.  The consumer always pays (assuming the company stays in business).

Apple doesn't pay taxes = budget deficit grows = consumer pays anyway

Or why don't we all stop paying taxes. That way prices will be very low and there won't be any government. No police, no military, no public schools, no healthcare, no legal system*. Yeah, Apple really doing us a favor by not paying taxes.

*(okay, some of those things may still exist as private corporations)

on Mar 06, 2014

Heavenfall
Apple doesn't pay taxes = budget deficit grows = consumer pays anyway

Yep

 

DaveRI
The consumer always pays

on Mar 06, 2014

Heavenfall
Or why don't we all stop paying taxes.

I'm open to that.

on Mar 06, 2014

Apple for the last 15 years or so has been rotten to the core, nothing new here. Trash company making trash products with unspeakable labor practices in foreign countries, all for the sake of huge profits!

on Mar 06, 2014

Heavenfall
Or why don't we all stop paying taxes. That way prices will be very low and there won't be any government. No police, no military, no public schools, no healthcare, no legal system*. Yeah, Apple really doing us a favor by not paying taxes.

Or have a simple tax system where companies won't be overtaxed so they don't have to move money around. 

 

LightStar
Trash company making trash products with unspeakable labor practices in foreign countries, all for the sake of huge profits!

That's not limited to Apple.