[Vision2020] A Wormy Apple

[Paul Rumelhart]

They haven't actually broken any laws that I can tell.  If the law allows this kind of tom-foolery, then it's no wonder corporations make use of it.  If we want this to change, we must change the laws.

Paul




________________________________
 From: Scott Dredge <scooterd408 at hotmail.com>
To: Art Deco <art.deco.studios at gmail.com>; viz <vision2020 at moscow.com> 
Sent: Monday, May 20, 2013 6:41 PM
Subject: Re: [Vision2020] A Wormy Apple
 


 
Apple shareholders are likely very pleased about this tax avoidance.



________________________________
Date: Mon, 20 May 2013 17:48:27 -0400
From: art.deco.studios at gmail.com
To: vision2020 at moscow.com
Subject: [Vision2020] A Wormy Apple


  | BREAKING NEWS ALERT  NYTimes.com  | Unsubscribe  
BREAKING NEWS Monday, May 20, 2013 5:08 PM EDT  
Apple Avoided Billions in Taxes, Congressional Panel Says 
Even as Apple became the nation’s most profitable technology company,
it avoided billions in taxes in the United States and around the world through a
web of subsidiaries so complex it spanned continents and surprised experts, a
Congressional investigation has found. 
Some of these subsidiaries had no
employees and were largely run by top officials from the company’s
headquarters in Cupertino, Calif., according to Congressional investigators. But
by officially locating them in places like Ireland, Apple was able to, in
effect, make them stateless – exempt from taxes, record-keeping laws and
the need for the subsidiaries to even file tax returns anywhere in the
world. 
In 2011, for example, one subsidiary paid Ireland just
one-twentieth of 1 percent in taxes on $22 billion on pretax earnings from
various operations; another did not file a corporate tax return anywhere and has
paid almost nothing on $30 billion in profits since 2009. 
READ MORE »http://www.nytimes.com/2013/05/21/business/apple-avoided-billions-in-taxes-congressional-panel-says.html?emc=na    

-- 
Art Deco (Wayne A. Fox)
art.deco.studios at gmail.com



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