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Mon 23 Jul, 2012 03:02 pm
According to the latest Netscape...
Quote: Apple may pay some corporate income taxes on that profit to the country where it sells the iPad, but it minimizes these by using various accounting moves to shift profits to countries with low tax rates. For example the strategy known as "Double Irish With a Dutch Sandwich," routes profits through Irish and Dutch subsidiaries and then to the Caribbean.
When it comes to using creative tax techniques, Apple is no different from other multinational corporations, says Robert Willens, an independent accounting expert...
The only way around this legal fraud (could even be called anti-American) is to raise Apple import costs accordingly.
@Rickoshay75,
Hello Community,
In my view, Apple is a profitable company. They usually make between 1 and 1.5 billion Dollars profit every quarter.
Thanks and Regards,
Barker Hicks
@Barker Hicks,
Barker Hicks wrote:
Hello Community,
In my view, Apple is a profitable company. They usually make between 1 and 1.5 billion Dollars profit every quarter.
Thanks and Regards,
Barker Hicks
Yes, but for which country?
One way to stop all this off shore tax evasion is to raise their import fees to the level where their businesses are just as profitable here in the USA -- could even help to ease their troubled consciences.
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