Where are you getting this information from? According to their most recent audited financial statements, apple expensed 13.118 million in taxes on 50 million of rehvenues. While this was not necessarily paid in the period, they also have a 3.5 million dollar future tax asset, which means they have unused deductions - basically they overpaid somewhere along the line.

What makes you think these corporations are doing things illegally? Are you just that paranoid?

Sorry, I was off a few zeroes - those are all in billions.

flat tax is not shit, and i would agree 0-20,000 in annual income probably should not pay...as for people like those that are already below the poverty line, we have plenty as is, that are already reaching back into federal and local governments for hand outs...everyone needs skin in the game....

ssorn /\ Yes, take a "minimum" income off the top (for *everyone*) and then flat after that.

@Krellin
Yeah, that was actually pretty much what I was thinking.
@Lando
Fortune 500 companies, including Apple, have more than $1.6 trillion in profits parked offshore, according to multiple recent studies. By keeping that money overseas, companies are able to avoid paying U.S. taxes on the profits.

I was looking at their consolidated statements.

You need to educate yourself before you make these statements - you are simply wrong.

*Their* consolidated statements. There is absolutely no reason to trust that the profits they parked offshore have been taxed already. There is no reason to believe a consolidated statement of a company barely capable of cooking the books.

Done deal - from what I hear this moring, BK is getting TH's. another blow to the US tax roles.

Yes, BK is the first major company to leave the country, it's a situation we've never encountered before. Ahhhh.

They were audited Phil. Do you not believe in that process? Are you so paranoid you think the sec is out to get you?

Also krellin read what I wrote above. The impact on us tax revenue will NOT be significant.

Fuck it's frustrating when retards think they understand things. You people are waste cases.

"+1 Big K"

Please please leave with your heroes. Fake patriot sycophants of the rich.

Re: Apple and taxes

I guess those commies at Forbes are lying then.

http://www.forbes.com/sites/leesheppard/2013/05/28/how-does-apple-avoid-taxes/

"Apple set up some Irish subsidiaries a mere four years after it was founded. Foreign sales, which account for 60% of Apple’s profits, are routed through these Irish subsidiaries and taxed nowhere."

You can stop attacking the developmentally disabled at any time now, Lando.

"everyone needs skin in the game...."

Especially those lazy filthy rich scum who live off of dividends and do no labor whatsoever. They need to start paying.

BK is the first to leave? lol Moronic. Apple has set up shell corporations overseas that they lease their own technology from, as one example. Pull yourhead out of the sand.'

As for "minimal impact"...uhhh...there should be *NO IMPACT*....BECAUSE US corporations should not be forced through bad financial policy to leave in the firt place!!

Get a life Lando.

And it's not JUST corporation leaving and setting up shop elsewhere...it is ALSO the corproations that never come here int he FIRST place!

Putin - I dont' think anyone disagrees that everyone should pay taxes - nor is that the topic of discussion.

Putin - anyway - you yourself should recognize that corporate taxes only get passed on to the consumer, and therefore, in effect, effect the poor more than the rich. Basic economics...If you think poor should pya less taxes, and yet everyone of every income level pays the same amount of "hidden" taxes in the cost of a product - then the poor are harmed more by corporate "taxes" (which are not corporate at all, but are hidden consumer taxes).

Putin is referencing himself

"According to their most recent audited financial statements, apple expensed 13.118 million in taxes on 50 million of rehvenues."

Which document are you looking at?

According to Apple's document, they say this:

"The Company’s effective tax rates for both periods differ from the statutory federal income tax rate of 35% due primarily to certain undistributed foreign earnings, a substantial portion of which was generated by subsidiaries organized in Ireland, for which no U.S. taxes are provided because such earnings are intended to be indefinitely reinvested outside the U.S."

According to Apple's document, they paid 3.595 billion in income taxes for the three month period ending in March 2014, when they made over 45 billion in sales and have a gross margin of nearly 18 billion.

http://investor.apple.com/secfiling.cfm?filingid=1193125-14-157311&cik=320193

re: The rich being overcompensated by corporations: When you cut the corporate tax bill and push it down to the employee where it belongs - then excessive corporate salaries are no longer a corporate write-off...

If I made money off of dividends you would be hailing me as the greatest thing ever.

And let me just add, it's absurd to think that they have a margin of just 18 billion and operating income of 13 billion when they made 45 billion in sales.

Putin, you are still the irrelevant thing ever

PUTIN BITCH, why are the filthy rich scum? Are you just jealous? Uh, Yes you are

I'm really happy about this merge, go Canada! :D

Honestly, it surprises me that you kids are taking this as well as you are. Your future is being mortgaged.

European kids would greet this situation with considerably more car burnings.

"PUTIN BITCH, why are the fi"lthy rich scum? Are you just jealous? Uh, Yes you are


You're exhibit A.

"I'm really happy about this merge, go Canada! :D"

The corporate jock sniffers are all partying tonight, it seems.

But good to see that when you say "everybody needs to pay" you don't really mean it. You just want everybody else to pay while the parasitic rich live off the backs of everybody else.

You give leeches a bad name.

Of course i'm happy, call me whatever you like, but here are my reasons:

Burger Kind and Tim Hortons will have an HQ in Canada, paying taxes to us (Yay Canada :P)

Both BK and Tim Hortons will grow because of their collaboration = more jobs and revenue to Canadians/Canada

Tim Hortons will now more easily expand into the US (it's already moved down the border into Buffalo and around the great lakes

And, the best part, Tim Hortons lunch menu will be improved with BK know-how. (it really needed some improving)

Then of course I'm also happy for BK as they get to keep more of their money instead of having it robbed.

On the other side, i'm a bit upset that Ontario (in socialist Canada, lol) is a better place for business than capitalist America......... America really needs to get it's shit in order, 35% corporate tax is a joke.