Apple's Tim Cook Staunchly Defends Corporate Tax Payments - InformationWeek

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Apple's Tim Cook Staunchly Defends Corporate Tax Payments
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Ashu001
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Ashu001,
User Rank: Ninja
12/26/2015 | 10:54:14 PM
Re: I wouldn't pay 40%. Would you?
Joe,

Excellent Point made by you here!

As a CEO/Chairman my No.1 Responsibility is to My Bondholders,Shareholders,Customers and Employees (in that order).

Everything else falls after that.

Apple's Senior Management is just doing what every sensible CEO/Senior Management should do.

Structure your Business so as to deliver maximum value to Bondholders and Shareholders.As long as he is doing that I see no reason for
anyone to complain.

All this talk about Apple being the Perfect company and all that is just Marketing BS.

Regards

Ashish.
mak63
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50%
mak63,
User Rank: Ninja
12/26/2015 | 10:42:50 PM
Re: I wouldn't pay 40%. Would you?
Nobody in the greed state of mind would pay the 40%. Can you imagine Apple losing billions of dollars?
The bottom line is: What's good for Apple is not always good for the US or the rest of the world.
"Apple pays every tax dollar we owe" and "Apple pays more taxes in America than anyone"
Unless someone puts some numbers on those statements, they mean nothing.
Broadway0474
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Broadway0474,
User Rank: Ninja
12/26/2015 | 9:39:13 PM
Re: I wouldn't pay 40%. Would you?
Ariella, I am no fan of Apple. I don't agree with what they or other companies do tax-wise, and I would imagine that they may not be fair to all their employees. My point is that people go after them more because they feel like Apple should be this perfect company.
Ariella
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Ariella,
User Rank: Author
12/26/2015 | 6:18:47 PM
Re: I wouldn't pay 40%. Would you?
@Joe I know someone who has been a Long Island resident all his life but whose family would winter in Florida. On that basis he kept a Florida driver's license for years, decades even.  His wife claimed he did it to save on car insurance, but that really should go according to the car registration rather than the license. His car had NY plates. Anyway, he only switched to a NY license after having to get off of jury duty in Florida. 
Ariella
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Ariella,
User Rank: Author
12/26/2015 | 6:18:43 PM
Re: I wouldn't pay 40%. Would you?
@Joe I know someone who has been a Long Island resident all his life but whose family would winter in Florida. On that basis he kept a Florida driver's license for years, decades even.  His wife claimed he did it to save on car insurance, but that really should go according to the car registration rather than the license. His car had NY plates. Anyway, he only switched to a NY license after having to get off of jury duty in Florida. 
Ariella
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Ariella,
User Rank: Author
12/26/2015 | 6:15:32 PM
Re: I wouldn't pay 40%. Would you?
@Broadway You think all Apple employees are happy? Check this out:http://money.cnn.com/2015/06/11/technology/apple-store-lawsuit-tim-cook/

"In another email to Cook, sent on January 28, 2013, a Beijing Apple Store employee said, "Apple treats employees as animals." The unnamed employee noted that the Xidan Joy City Apple Store in China's capital city has an emergency exit that's blocked by Apple products."
Broadway0474
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Broadway0474,
User Rank: Ninja
12/25/2015 | 10:45:25 PM
Re: I wouldn't pay 40%. Would you?
Ariella, Wal-Mart is hardly an innocent. It gets bashed more for its treatment of its employees, and rightfully so given their general conditions and Wal-Mart's concerted efforts to fight any attempts at employee organizing. Apple is getting crap for what every other corporation does that can --- domicile somewhere else that makes more sense for tax and regulation purposes. But because everyone thinks Apple is the savior of mankind, people respond more strongly to it.
Joe Stanganelli
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Joe Stanganelli,
User Rank: Author
12/25/2015 | 11:13:50 AM
Re: I wouldn't pay 40%. Would you?
Except Apple actually does meet the legal requirements (so I understand) of foreign residency for the pertinent parts of its organization via its corporate structure.

And if those "New Yorkers" spend 183 days each calendar year in Florida, they too qualify as Floridians; otherwise they're likely committing actual tax fraud -- which is different.

(Not legal advice.)
Ariella
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Ariella,
User Rank: Author
12/24/2015 | 7:16:49 PM
Re: I wouldn't pay 40%. Would you?
@Joe I disagree. I think to be in the same category, I'd have to resort to the kind of dubious practices some New Yorkers engage in, like claiming to be residents of Florida on the basis of merely visitng there in the winter in order to avoid paying state income taxes. see http://www.businessinsider.com/how-much-money-apple-avoids-paying-in-taxes-2014-6
Joe Stanganelli
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Joe Stanganelli,
User Rank: Author
12/24/2015 | 7:02:34 PM
Re: I wouldn't pay 40%. Would you?
I don't think tax avoidance is the same thing -- or even compares to -- this notion of "corporate greed."

Do you go to H&R Block and ask your tax advisor to get you a higher refund?  Congratulations.  You're guilty of the same kind of "corporate greed" as Apple is -- just on a smaller scale.

If you don't owe tax money, you don't owe tax money.  Period.  It's not a matter of morality; it's a matter of the terms of our tax system and our social contract.

(Other issues concerning Apple, such as offshoring practices, are -- of course -- much more debatable matters.)
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