Sundarrajk's Weblog

Archive for the ‘Bashing’ Category

One more event for me to go on my Apple bashing trip.

The question we need to ask is Apple the largest tax payer or is the company that has avoided paying the most tax.

Read the articles and let your blood boil.

http://www.npr.org/blogs/thetwo-way/2013/05/20/185639686/apples-complex-web-helped-it-avoid-taxes-panel-finds

http://economictimes.indiatimes.com/news/international-business/apple-avoided-billions-in-taxes-by-using-firms-outside-us-congressional-panel/articleshow/20162728.cms

http://online.wsj.com/article/SB10001424127887324787004578495250424727708.html

http://www.washingtonpost.com/business/technology/with-complex-web-of-offshore-entities-apple-avoids-taxes-senate/2013/05/20/a59daea6-c16c-11e2-bfdb-3886a561c1ff_story.html

http://www.rediff.com/business/slide-show/slide-show-1-tech-apple-used-subsidiaries-to-dodge-billions-in-taxes/20130521.htm

Another point to note is that the company was setup in Ireland in 1980. So how much more tax has Apple avoided.

The rules of Ireland says that the companies will be taxed where they operate and the US laws say that companies will be taxed where they are incorporated. So Apple incorporated a company in Ireland and carried out operations from the US. So it is neither taxable in the US nor in Ireland.

What Apple has done seems to be legal, but is it something that would be expected of a morally right company?

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