Apple, Taxes, And Why Tim Cook Is Wrong - InformationWeek

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Government // Leadership
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1/5/2016
01:06 PM
Charles Babcock
Charles Babcock
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Apple, Taxes, And Why Tim Cook Is Wrong

Apple has substituted bluster and brazen attacks on the tax system for good corporate citizenship. Why are we singling out Apple? For starters, it's No. 1 on a list of the top 30 companies with the most money held offshore, using loopholes that allow it to avoid paying US taxes on approximately $181 billion.

Apple CEO Tim Cook
(Image: EdStock/iStockphoto)

Apple CEO Tim Cook

(Image: EdStock/iStockphoto)

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Technocrati
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Technocrati,
User Rank: Ninja
1/13/2016 | 6:00:45 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...

@vnewman2    Thanks again for reminding me of this documentary and I agree.  I do think being adopted had some deep seated affect on his prospective towards the World. 

There were many fascinating aspects to his life that to this point had not been widely discussed.  

I will definitely watch again because there are many subtle inferences that might be missed the first time.

In the end, Jobs seemed to be at the right place at the right time.

vnewman2
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vnewman2,
User Rank: Ninja
1/12/2016 | 6:19:58 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...
@Technocrati - I am so glad you watched it!  I thought it was riviting!  I feel like the adoption piece explains everything about what made him tick.  Other great points I thought were:

Steve ruling by chaos

Viewing the computer as an extension of the self.
Technocrati
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Technocrati,
User Rank: Ninja
1/12/2016 | 6:12:09 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...

@vnewman2      Just finished watching the piece last night, it was very interesting to say the least .  Always two sides to every story so it was nice to see Job's tale from another angle.

And I think you are right - that whole issue with the license plate does lead one to think he thought he could out smart the system.   He was very business savvy and had very savvy people working with him so the avoidance of taxes would have been right up his alley.

vnewman2
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vnewman2,
User Rank: Ninja
1/11/2016 | 8:27:29 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...
I just watched the CNN special again because I missed some parts: I think this nicely sums up Steve Jobs the attitude that prevails at Apple:

"He found aloophole where if you lease a car you have a 6 month period to put license plates on it and so he leased the same car every 6 months and never put a license plate on it...it gives you a glimpse into how he thought he was above the law." - Yukari Iwantani Kane, Author, Haunted Empire
vnewman2
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vnewman2,
User Rank: Ninja
1/9/2016 | 7:57:50 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...
@Technocrati - I would agree with you there. Part of Steve Jobs' charm - assumming there is some ;) - is that there was no one quite like him.
Li Tan
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Li Tan,
User Rank: Ninja
1/9/2016 | 2:48:56 AM
Re: Don't be fooled by bluster
This is not something new invented by Apple - many big international giants play this kind of game. That's why the rich people become richer and richer - they have different ways to avoid tax but for us, we have to pay federal tax...
Technocrati
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Technocrati,
User Rank: Ninja
1/8/2016 | 7:29:04 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...

" ...It touches briefly on the tax issue and Steve's take on it, which, at its essence, is what Tim Cook has been saying."

 

@vnewman2   This doesn't surprise me.  I am slowly becoming convinced Cook is incapable of producing an orginal thought - probably why he inherited the position. 

Apparently being a "yes Man" can get you places.

 

Don't believe this though, Apple is a special case.

Technocrati
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Technocrati,
User Rank: Ninja
1/8/2016 | 7:25:09 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...

@vnewman2   Thanks for the information, I remember hearing about this and then it seem to fade away.   Well, I found it and will be watching it this weekend.

This is the documentary that the Apple minions refused to help out on, in other words must see TV.

wb9ddf
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wb9ddf,
User Rank: Apprentice
1/8/2016 | 2:55:46 PM
Good for Apple and all of us!
From my Libertarian point of view, Apple is doing what any patriotic citizen should do.  They are keeping as much money as possible out of the hands of Congress for as long as possible.  Corporation's first responsibility is to their stockholders.  By keeping the money, they are increasing the value of the company and ultimately the value of the stocks.  To do anything else would be irresponsible.
vnewman2
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vnewman2,
User Rank: Ninja
1/8/2016 | 1:26:39 PM
Re: 'Charlie, stay away from tax politics.' Good advice but...
Last weekend I watched Alex Gibney's CNN film "Steve Jobs: The Man in the Machine" which I think is worth the watch even if you have seen other films about him. It touches briefly on the tax issue and Steve's take on it, which, at its essence, is what Tim Cook has been saying.
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