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To: Swordmaker
Apple's pays the bulk of its taxes in the United States, where it is headquarters are located, where it reports its profits. ... However in 2014, their effective tax rate was 20%. Amazon's is about the same as Apple's

Swordmaker, what you have stated directly contradicts much of an article from Business Insider from 2014 titled, “Here's How Much Money Apple Avoids Paying In Taxes By Pretending It's Based In Ireland”

http://www.businessinsider.com/how-much-money-apple-avoids-paying-in-taxes-2014-6

I am certain that the article was part of a vast right wing conspiracy from the same people trying to pick on poor Hillary. And it actually was based largely on information from a congressional inquiry which found, “Apple wasn't even reporting its U.S. taxes accurately, either, the Senate subcommittee found. Its (Apple's) annual report disclosed it paid much higher U.S. taxes than it actually paid to the IRS.”

Apple's statements about the taxes that it does or does not pay seem to directly parallel the claims Hillary Clinton made about her experiences as Secretary of State when she spoke to Congress. In other words, Apple and Hillary lie... a lot. And every once in a while it catches up with them... sometimes with humorous results.


45 posted on 08/30/2016 2:46:45 PM PDT by fireman15 (The USA will be toast if the Democrats are able to take the Presidency in 2016)
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To: fireman15
Swordmaker, what you have stated directly contradicts much of an article from Business Insider from 2014 titled, “Here's How Much Money Apple Avoids Paying In Taxes By Pretending It's Based In Ireland”

Apple doesn't "pretend" it's based in Ireland. Apple's headquarters are in Cupertino, California. They pay taxes in the United States and California using that address, not from Ireland. Ireland is Apple's European headquarters, manufacturing, and distribution center. All Apple products in Europe come from Ireland. Sales generated in Europe are taxed based on its laws. If it were based in Germany, it would be taxed on German laws. All of the EU recognizes that system. . . Except for this Commission who want to unilaterally regulate all EU countries' tax laws to be the same with out having the authority to do so. The treaty that established the EU among its member nations allowed all member nations to retain autonomy in their tax laws and regulations, and recognized reciprocity of those laws among the several nations.

The same principle is recognized among ALL of the nations of the world. It is what allows businesses to maintain some sense of sanity in a world of multiple taxing authorities. . . A company is taxed by its home nation for the majority of its income taxes. Other taxes are local.

Business Insider is quoting a Democratic Senator's committee research, which HAD claimed Apple paid ZERO US income taxes, a facturd that was thoroughly shot down in hearing during which Apple submitted its AUDITED US Corporate Income Tax Returns for the previous years show that not only had Apple PAID US Income Taxes, but that it was the LARGEST payer of US corporate income Taxes in two of the last five years!

In 2012, Apple had paid $1 out of every $40 the IRS had collected from ALL businesses in the United States that year. Not one cent of money earned Apple has in the US has found its way to Ireland.

Apple's effective US Tax Rate has varied from a high of 29% to a low of 25.28% depending on expenses. You can look these figures up on Google. If Apple and its officers are reporting LIES on its AUDITED Financial statements, then under the Sarbanes Oxley Act of 2002, Apple's officers would be personally liable for fines and prison sentences of up to $20 million and 20 years in Federal prison, per lie. These are SERIOUS charges. In addition, Apple itself would be liable for Stockhold suits since every stockholder uses both tax returns and financial statements to make their investment decisions, and the amount of their compensation is determined by much of those amounts. If the management is playing around with those figures, an easy thing to find, they'd sue Apple, the officers, the board, and the accountancy firm who certified all of those figures as true and accurate for EVERYTHING THEY OWN!

Since you claim they have mis-reported the amounts they have paid on TAX RETURNS to the Federal Government, on Financial Statements, these would be easily checkable LIES. These figures MUST balance. They'd stick out like a smashed thumb. . . Yet the IRS, multiple news organizations, thousands of investors and stockholders, the entire staff of the SEC, all seem to have missed the fact these figures simply don't balance. Only the genius Fireman15 seems to have come to this conclusion! They obviously have not done what YOU CLAIM TO HAVE DONE. So, are the officers of Apple liars who are hiding the facts in plain sight, or are YOU making claims you can't back up? I think it's the latter. That makes you the liar, again.

I will put Apple's financial published public records, which are filed with the Securities and Exchange Commission under thread of SEVERE PENALTIES and Sworn to under thread of perjury, as true and factual against any article written by unknown journalists who routinely get things wrong, have no skin in the game except they might have to write a retraction, if they bother, who are quoting Democratic congressional committee pukes who have ALREADY been shown to have done very poor research when the facts were available to them — had they bothered to LOOK instead of making up their facts from their assumed biases and wishful thinking. A lot of what was reported in this Business Insider article is what the EU conclusion is based on, before the Commission even STARTED their investigation. It's based on what the EU commissioners would have WANTED the Irish tax laws to have been — Liberal Wet Dream Tax Laws for the last 30 years — rather than what the Irish tax laws ACTUALLY were and ARE, I.e., reality.

46 posted on 08/30/2016 8:02:48 PM PDT by Swordmaker (This tag line is a Microsoft insult free zone... but if the insults to Mac users continue...)
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