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okaawhatever

(9,563 posts)

10. Companies that earn a lot of their income from intellectual property benefit disproportionately from

Reply to azureblue (Reply #5)

Wed Mar 12, 2014, 02:31 PM

Mar 2014

the laws. Apple is by far the biggest player in that game. I own Apple stock, but this needs to stop. Holding IP rights overseas is very easy because you don't need to actually make the product there. They just have an office with a couple workers and pay royalties to that office. Lichtenstein is a big one. Ditto Luxemborg, Germany and Hong Kong.

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Highlight:

Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax [View all] OhioChick Mar 2014 OP

In before the usual defenders. ForgoTheConsequence Mar 2014 #1

+1 for - *waaah* But everybody else is doing it... ChromeFoundry Mar 2014 #2

Apple is the second most profitable company in the world. ForgoTheConsequence Mar 2014 #4

When is enough money enough? No i wouldn't do. How unAmerican. kelliekat44 Mar 2014 #3

Actually the majority of the people giving up citizenship aren't the rich davidpdx Mar 2014 #14

It's entirely legal azureblue Mar 2014 #5

Because Apple is the second most profitable company in the world. ForgoTheConsequence Mar 2014 #6

Perhaps, however, not naming the others, GE 110B, MSFT 76.4B, PFE 69B, AAPL 54.4B, IBM 52.3B, lostincalifornia Mar 2014 #12

Microsoft was named. ForgoTheConsequence Mar 2014 #15

I wasn't defending Apple or any of them. I was just commenting that this should have been changed lostincalifornia Mar 2014 #16

And so were upskirt photos in Massachusetts... ChromeFoundry Mar 2014 #8

Companies that earn a lot of their income from intellectual property benefit disproportionately from okaawhatever Mar 2014 #10

Which is why we need to cut corporate taxes ASAP jsr Mar 2014 #7

This is why I laugh when so many businesses plead poverty over high taxes... Blue_Tires Mar 2014 #9

Tax global retained earnings at 10%. That's a reason! on point Mar 2014 #11

, blkmusclmachine Mar 2014 #13