Legally Avoiding Taxes

[CiK]

I wonder if anti-oil will bash the tech industry for legalized tax evasion?

http://www.usatoday.com/tech/news/st...xes/54633774/1

Wall Street analysts predict Apple could earn up to $46.9 billion in its current fiscal year.

[SkidMark]

The US Oil industry has its workers here....the tech industry seems to develop the technology here..then farm it out to China, India, etc to be made. Look at the back of your cell, TV, etc. The Oil Industry pays over 40% taxes..the tech industry pays 11-13%.

[idbefishing]

That's f..ed up! My tax rate is almost 3 times more than Apple.

[Dink81]

If it is legal, then how can they be evading taxation.

Seriously though, can you really blame a company or an individual for wanting to keep as much of their earnings that they can within the constraints of the law.

[SkidMark]

I don't blame them. In a capitalistic system, it is the company's goal to be as profiable is possible. Now it SHOULD be the govt's goal to make it as good as possible for as many companies to be based in the USA to: create jobs for Americans and to expand the tax base. Under current rules, companies that can afford to farm out as much as possible to other countries to save their bottomline. This reduces American workforce and less taxes American workers pay. You would think the Govt would wake the F up.

[mikepags]

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you would think they would at some point.........I guess it does keep CPA's and Tax Attorneys pretty busy though.................hope everyone that wants to Apple start paying a boatload more in Taxes doesn't own its stock

[lakefolk]

"Apple has legally allocated about 70% of its profits overseas,"

y'all keep buyin ipads, ipods, iphones and macs etc. and while youre at it bitch about honda, toyota and nissan

[JohnM]

Apple sells products all over the world has done nothing illegal and trickled down many a tax paying millionaire. If the government were to come in and tax prooperty like Apple why would someone like the young guy that started Pintrest in the same city with 30 people now not go somewhere more attractive in the first place?

Instead of being outraged at Apple more should be outraged that corporate America pays so much while our "leaders" squaderthemoney.

[Finntasticfishin]

My sentiments coincide with 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."