Apple Avoids Tax

[Sam1]

Very interesting! A lot of big tech companies do this and personally I am against it. They are effectively paying 9% tax!

http://mashable.com/2012/04/29/apple-avoids-taxes/

 

[xpl0iter]

I think thats what the whole OWS is about!
Govt is eager to get taxes from all those broke country a** people! not from the multi billionaires!
When it comes to politics, I feel like..........

naah I am not going to say it here!

 

[Sam1]

Well it really isn't very fair.... Almost all other businesses except tech and finance companies pay their tax dues....

 

[Jamiew2510]

Well, at least they have more money to develop better products!

 

[xpl0iter]

Well, at least they have more money to develop better products!

Insanely over priced better products to be exact! And for that, those people with a below average lifestyle who doesn't even buy a single apple product suffers! :/

Well, since its not my country on which this happened, I cannot be sure about the facts I just said. But anyway, I don't think govt should have made this exemption. I mean they have billion dollars worth assets, they already have lots of money. So I don't see any point in govt's move here!

 

[Martee]

Well, they made £5BN worth of sales over here in the UK yet only paid £10M in taxes which is quite frankly disgusting but from what I am reading it does look like they haven't done anything wrong (I may be wrong) but it is rather unethical, I agree with that.

 

[Sam1]

Well, they made £5BN worth of sales over here in the UK yet only paid £10M in taxes which is quite frankly disgusting but from what I am reading it does look like they haven't done anything wrong (I may be wrong) but it is rather unethical, I agree with that.

Well no- it's not illegal- but really, you should have to pay a good amount of tax in the country you make it in...

 

[Martee]

Well no- it's not illegal- but really, you should have to pay a good amount of tax in the country you make it in...

Definitely. I was just on our HMRC website and used a corporation tax calculator (Which I hoped was the right one, lmao) and found out that for every 10M in net profit you should expect to pay something like 2.6M in tax. (Wouldn't let me use 5 billion, haha). I doubt I got our tax rates and that right though, I don't tend to bother about it until I need to look at it. xD

 

[Sam1]

Definitely. I was just on our HMRC website and used a corporation tax calculator (Which I hoped was the right one, lmao) and found out that for every 10M in net profit you should expect to pay something like 2.6M in tax. (Wouldn't let me use 5 billion, haha). I doubt I got our tax rates and that right though, I don't tend to bother about it until I need to look at it. xD

Well company tax in NZ is 28% so that would be $$$1.4 billion...

 

[CHT]

Apple strikes again, there's no end to the news about them.