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12:06 PM on 04/29/2012
this article should be called California's tax strategy continues to drive professionals and companies out of California.
01:41 PM on 04/29/2012
Incorrect. It should be called I was able to build my great company in the unique environs of California and Silicon Valley. Good infrastructure, great education system, etc. But I am a sociopath and really don't give a whit about that, other people and the country that made all of that growth possible.
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07:14 PM on 04/29/2012
So, the credit goes to California?

Do individual people sometimes move to other places for better pay/lower taxes?
littlenietzsche
this space intentionally left blank
07:21 PM on 04/29/2012
Well technically they are still in California, the trick is to be in California with the nice weather but have your wallet in Nevada.
wired
unconditional basic income
12:02 PM on 04/29/2012
What kind of people buy Apple products anyway, liberal or conservative? Or Teapartiers? People who are "dumb"?
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Bills Catz
Don't believe everything you think.
12:19 PM on 04/29/2012
People who want them, yoyo. LOL
wired
unconditional basic income
12:21 PM on 04/29/2012
Your "Don't believe everything you think" jolted me! A good one.
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pj-smith
no comment
12:44 PM on 04/29/2012
some of us need apple products in our work. that is why I have an apple computer.
no other apple product. I am a progressive-conservationist-feminist-agnostic-animal loving-hippie.
11:55 AM on 04/29/2012
I don't think any corporation should pay taxes. And I don't think anyone who makes over half a million a year should pay taxes as well. That seems like an excellent economic plan if we want the US to look like India - which it is well on its way to doing. But let's just give all rich people a free ride and see how that works for the country.

Americans - we are so dumb that I actually think we deserve the crony capitalistic society we've got. Tax the middle and the working class out of existence and then give the rich a free ride. Ingenious. What could possibly be wrong with that system?
11:59 AM on 04/29/2012
Look at every statistic and facts... the wealthy pay nearly all the taxes.
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Bills Catz
Don't believe everything you think.
12:20 PM on 04/29/2012
Do they now? So where does it go between them and crumbling bridges, ancient power grids and decaying highways???
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theveggiedude
my body is a temple, not a living graveyard
12:25 PM on 04/29/2012
And yet they are paying less taxes than their parents and grandparents ever did. So why are they complaining?
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jflorish
11:41 AM on 04/29/2012
If I was apple I would keep even more money overseas, tax rates are much lower there, no reason to be keeping it in the U.S. As far as states go, if California wants to abuse companies with 8% tax rate, then they should expect high unemployment as companies relocate elsewhere.
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Bills Catz
Don't believe everything you think.
12:22 PM on 04/29/2012
You're not Apple. Any comment starts out with "IF" is just another fairy tale. LOL
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jflorish
12:29 PM on 04/29/2012
I know it, but I will state my opinion regardless.
12:41 PM on 04/29/2012
Apple made it in USA under conditions made by our tax system..it is despicable they don't want to give others same opportunity...it it like it is OK if I get advantage, but I don't want anybody else to get it...
11:40 AM on 04/29/2012
California provides great weather which brings in people. There's no service the state provides that uniquely make California good for business or justify our high taxes.

Our federal government should be more than happy a US company is leading the tech world and not Samsung or the countless foreign companies that will not generate a dime for the US. The cry to tax US businesses out of the US is idiotic.
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11:34 AM on 04/29/2012
From the article: "Almost every major corporation tries to minimize its taxes, of course. For Apple, the savings are especially alluring because the company’s profits are so high."

I have no problem with people saying that the business tax code should be written to minimize loopholes. I do have a problem with the idea that Apple, simply because they are more profitable than other companies, should somehow not try to maximize profit for its investors.

To be honest, there's been a fair amount of dodgy reporting over Apple, including many allegations regarding working conditions in Foxconn that were false (Mike Dailey's pieces), misleading (the suicide threats in Apple's foxconn factories that were actually at a microsoft Xbox factory that had nothing to do w Apple, etc.). I get the impression that the publishing industry, like the TV/movie industry, is afraid of how powerful Apple has become and is doing everything they can to try to slow them down. Good luck with that.
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Bills Catz
Don't believe everything you think.
12:25 PM on 04/29/2012
And good luck with that train of thought. The 'movie industry' may be a small part of it, but there seems to be some serious anti-Apple sentiment far beyond a slice of the entertainment industry.
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03:30 PM on 04/29/2012
Doesn't seem to be slowing them down at all though..their profits were up 96% year-over-year last quarter.
11:32 AM on 04/29/2012
I have two words for this "Fiduciary Duty"... If Apple did not utilize those loopholes, that would have been more serious issue.... Believe it or not, Apple pay more tax than its peers. NYT just want attack Apple because it sounds sexier and attracts more page views...
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11:27 AM on 04/29/2012
I don't buy/use Apple products/stocks.
wired
unconditional basic income
12:07 PM on 04/29/2012
Is the computer you're typing on from a firm that pays its "fair share"? Good for you.
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stopnlisten
Simplify, simplify!
11:27 AM on 04/29/2012
Apple bites the hand that feeds them.
11:32 AM on 04/29/2012
I buy apple products because they are good. I live in California because of the weather not because the state provides any services that other states don't do provide.
12:42 PM on 04/29/2012
Like "cheap high education?"
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Almondo
Agnostic Realist Tradevknaught
11:26 AM on 04/29/2012
And Mitts out for Mo(R)Money will be happy to cut their taxes even more so they can create more jobs in China.
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grainysmith
I heart worms
11:18 AM on 04/29/2012
I was going to buy stock in Apple ten years ago after I bought my first computer. I don't think the investment could have covered up my guilt. I want people to work reasonable hours and under the right conditions. I want a company that makes billions in profits every quarter to pay it's fair share of taxes. Especially when we are in a recession. I would rather pay more for American made products than ones that are made in a foreign country. Corporations have no commitment to the American people. They only care about profits.
wired
unconditional basic income
12:10 PM on 04/29/2012
That sounds morally upright. Which firm(s) made the computer you're typing on that make you feel not so guilty?
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grainysmith
I heart worms
12:32 PM on 04/29/2012
I bought my computer years ago before I knew of Apple's practices. I am not sure what I will do when I need my next one.
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theveggiedude
my body is a temple, not a living graveyard
12:29 PM on 04/29/2012
And the worse thing about your last two sentences is that it affects the food we put into our bodies. That should be the main concern here, not shiny gadgets.
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grainysmith
I heart worms
12:32 PM on 04/29/2012
True. It is amazing that we spend so much money protecting our citizens abroad but not healing them and keeping them safe here at home.
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Independent66
www.linkedin.com/in/harveyring
11:18 AM on 04/29/2012
Apple is run to create value to their stock holders, great jobs for their employees and they do this by creating great products and services to their customers. Politicians need to learn that it is Apples job to minimize their taxes to meet their top level objectives. What is a fair tax rate? The lowest legal number consistent with their other costs. Every company in the world does this and it is perfectly appropriate. When taxes in a jurisdiction become too large and it is economic to move to reduce taxes businesses move. Jurisdictions all over the world are learning this and they can respond in several ways. They can stay, leave or negotiate a better deal. Businesses and people do have choices. Too bad some politicians still don't understand competion.
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Cael
11:21 AM on 04/29/2012
In summary, rich get richer and the poor get poorer.
11:37 AM on 04/29/2012
Should corporations integrate social responsibility into their business activity? Should they become part of the social fabric, risking profit to ensure the health of the marketplace, or should they hold themselves exclusive beyond the collective? Ted Gaebler attempted to address this issue two decades past and the current landscape indicates that the answer is a holier-than-thou "NO!" The leading lobbyist for ongoing corporatization of American politics - Romney - exclaims that corporations are people, but what he really means is this: Corporations are more important than people. Corporations are the end-all, be-all of civilization and if the erstwhile (erstwhile!!) marketplace is destroyed in the process of expansion that is acceptable ancillary damage.

Corporations, from the regressive POV, are more important than people and, as you point out, the balance sheet outweighs any concern from the constituency. By moving from labor market to labor market they reduce themselves to something akin to a plague of locusts.
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Independent66
www.linkedin.com/in/harveyring
03:09 PM on 04/29/2012
Cael and Hallucinocynic,

Thanks for reading my comment, but I'm afraid that neither of you understood what I tried communicate to you. The behavior of a corporation is completely rational because if they aren't they risk bankruptcy. A competitor with lower costs better products better employees a lower cost of capital will overtake them and eventually die if they don't respond. So to stay competitive the corporation must compete on multiple dimensions every day of every year to survive and prosper.

There are lots of examples of failure. GM, Kodak, AIG, Freddie and Fannie Lehman, Countrywide, World com, ENRON, etc. Your ridiculous assertions make no sense to the corporation, their employees and stockholders and any other stakeholder.

Sure government needs tax revenues to exist, but no one I know would pay MORE than the minimum under the law. If a jurisdiction raises taxes then the corporation has choices; pay them, negotiate them down or leave to a more favorable jurisdiction. Being big and multinational provides lots of choices. Even small companies have choices and you can see them make them every month. Many are leaving CA, IL, MI, NY. Ask why?
11:03 AM on 04/29/2012
The company dodges environmental, child labour, labor, workplace safety, laws to make a bigger profit. so tax dodging is not a suprise.. what is a suprise is that this company is allowed to sell their dirty items in this country.
iam99
To know what you prefer...
10:48 AM on 04/29/2012
As the innocent and the servants of moloch alike are able to see the tipping point recede in the rear-view mirror we will continue down the path with ever-increasing agents of collapse show up in the diminished quality of all things that are needed to continue on. Most significant is the constant reworking of the most sacred thing between mankind and god, and that is the arrangement of the chromosomes on the DNA strands worldwide. Mutagenic agents (chemical and radionuclides) are increasing. As the nuclear plants age the prognosis is grim. Constant mutations can devolve all of creation to the worms that inhabited the primordial soup from whence we came. There is no class distinction in the process.
Wake up.
Be aware!

http://fukushima-diary.com/2012/04/170000-bqkg-from-the-soil-of-storage-reservoir-in-fukushima/
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Bills Catz
Don't believe everything you think.
12:34 PM on 04/29/2012
Take your medication. pally. LOL
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mheister
Raconteur. Blog michaelheister.com
10:35 AM on 04/29/2012
A democratically-constituted planetary government with the ability to set regulations worldwide, and levy and collect taxes, could eliminate tax-dodging shenanigans by multinational companies.
11:05 AM on 04/29/2012
one world govt.. one world order.. would be absolute disaster for mankind.. no where to run.. no where to hide.. all of us electronically tagged slaves for some group of corporations and nazi.s ..Tho this is the plan, NEVER let this happen! We, the citizens of the world.. were safer during the cold war.. tahn we are now.