Depressing Apple News

Started Apr 28, 2012 | Discussions thread
synp
Contributing MemberPosts: 610
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Re: Depressing Apple News
In reply to funnelwebmaster, Apr 29, 2012

funnelwebmaster wrote:

I loveApple products.

Me too.

But this is discouraging.

No, it's not.

http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?_r=1&hp

Apple is required to do this. Otherwise they reduce shareholder value, and are likely to face a class action suit by shareholders.

You should not be discouraged by Apple's tax planning. Instead you should lobby your representative for tax reforms.

For example, if all state corporate tax was replaced by a federal one, with the proceeds distributed to the states according to the amount collected (or population size, or number of employees) there would be no incentive to make these fake offices.

Or you could implement something like the fair tax, and again move a fixed portion of the proceeds to the states according to some key.

The thing is, it's congress's job to fix the tax code, not Apple's.

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