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12:53 AM on 05/22/2013
How about we do the opposite, lets take the 10 largest tax payers in the country and have them grill politician on how they're spending our money!!!
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irochfpst
no right turn
12:48 AM on 05/22/2013
that line is so full of bull its pathetic.
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irochfpst
no right turn
01:04 AM on 05/22/2013
thanks
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IndependentRule
There are two many Parties in Washington..
12:48 AM on 05/22/2013
Cook reaffirmed Apple's position that given the current U.S. tax rate, it has no intention of bringing that cash back to the U.S. Like other companies, it has a responsibility to shareholders to pay as little as possible in taxes.
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BRAVO..The US Government is a poor steward of Taxpayer money
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DJmArc
Things are NEVER as they seem
12:37 AM on 05/22/2013
The hard reality is that Apple did not cheat. They did what they did under the cover of law, the Internal Revenue Code law. Apple is not "in trouble" per se. They can afford better tax attorneys than "we the people". What this current "scandal of the week" shows is that the law needs to change and that is the whole point. This exposes one of many inequities and scandalous corporate bought loopholes in the IRC that many, many multinational corps use to avoid tax. Wakeup time!
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scificarolinaguy
Disabled veteran, gay, Christian, American
12:20 AM on 05/22/2013
"Apple's position... has no intention of bringing that cash back to the U.S."

The solution is simple: only support companies whose PROFITS remain in the US economy.
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Stewart Goss
Collectivism leads to mass poverty
12:53 AM on 05/22/2013
This kind of talk is tiring and ineffectual. Whole Foods, Chik-Fil-A, Walmart, McDonalds, etc. Many posters on here talk about boycotting them, few do and the effect is negligible.
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Rewriting The Future
Bernie Sanders/Elizabeth Warren 2016
03:31 AM on 05/22/2013
How do you know how many do?
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scificarolinaguy
Disabled veteran, gay, Christian, American
10:48 AM on 05/23/2013
The apathy you represent is the reason they are often ineffective. The talk is NOT tiring, except to those who do not care.
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12:16 AM on 05/22/2013
Even if additional tens of billions from Apple began flowing into the U.S. Treasury, the money would barely put a dent in the $642 billion federal budget deficit.

So round up the top 100 tax not exactly cheats and see what kind of dent happens.
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Hannibal55
Misrey luvs company but company doesn't reciprocat
12:15 AM on 05/22/2013
Of course, we are NOT broke, we just don't collect the revenue that's owed to us!
12:23 AM on 05/22/2013
Only a Progger would be dumb enough to believe the US should tax profits earned by a company manufacturing a product in China and delivering it to Chinese consumers.
05:03 AM on 05/22/2013
What a crock. These companies manipulate the tax laws to shift US profits to the foreign subsidiaries. The profits stay there in limbo, increasing the price of their stock. All legal, but should not be.
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Hannibal55
Misrey luvs company but company doesn't reciprocat
12:14 AM on 05/22/2013
The multinational's have tens of trillions stashed offshore in tax havens like Bermuda. Ireland is being used as a country to set up shell companies, usually little more than a post office box, where they can direct the initial payments from their sales in America. The money is recorded as business conducted offshore for tax purposes, but even the GOP, who helped the corporations set the whole scam up, aren't sure it's legal. And of course, it's immoral as all hell!
themotorjunkie
Elections are decided by those who bother to vote
11:58 PM on 05/21/2013
Past time to close those loopholes. If they want to sell product here, they can pay thier taxes like other folks. No taxes, no market, simple
12:24 AM on 05/22/2013
So a US citizen earning a living in France and paying French taxes should then pay additional taxes to the US government even if they don't set foot in the US for 1 minute during the year?
themotorjunkie
Elections are decided by those who bother to vote
06:10 PM on 05/22/2013
If they wish to be a US citizen, yes. If they want to sell thier products here, yes The are more than welcome to renounce thier US citizenship and try to sell thier crap in Pakistan, and not have to pay US taxes. You want to live and work and pay taxes in France, become a french citizen
11:54 PM on 05/21/2013
They followed laws, yeah they used loopholes, but it was legal and wise. If congress would go ahead an enact a reasonable tax code , they wouldn't have to try to fry business who are good with money,because theres not enough coming into a congress AND President who are terrible with money. GO apple and every other business who can save on taxes using existing laws. Individuals do it through numerous questionable deductions, so quit blaming business. Its not the Gov'ts money its the Peoples!
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sharooni
The patients have overtaken the asylum
11:49 PM on 05/21/2013
'We Pay All The Taxes We Owe' And when, pray, did the decision of how much tax a person or a corporate entity owes in income taxes reside with the individual or the corporation rather than the IRS? He's really got some big ones, this guy. But they might just be cooked.
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GentleGim
The opposite of austerity is GROWTH.
12:22 AM on 05/22/2013
What you owe in taxes is not an opinion. It is neither "decided" by an individual nor the IRS. It is an objective fact, verifiable by anyone, based solely on your business model and black and white rules enacted by congress. 'We Pay All The Taxes We Owe' is not only a fact, it is an undisputed fact. No one in the IRS claims Apple owes more. The real question is WHY DON'T THEY OWE MORE? They will only owe more if congress decides to change the laws. Until then Apple has a moral and legal obligation to follow the law and do what is in the best interests of shareholders.
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sharooni
The patients have overtaken the asylum
02:07 AM on 05/22/2013
The rules are set forth in the Internal Revenue Code of 1953, as amended and updated.  The code contains the tax laws passed by Congress and the rules and regs and interpretations added by the IRS.  And as for Apple, blah, blah, blah,  
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Jackal 99
Nemo me impune lacessit
01:03 AM on 05/22/2013
News Flash Sparky: The United States has a voluntary tax system. Just ask the IRS. So, yes individuals and corporations voluntarily assess themselves taxes each year and send them in. (That's called paying them.)
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sharooni
The patients have overtaken the asylum
01:12 AM on 05/22/2013
IRS Code of 1953, as amended.  Dreadful reading, but less detrimental to one's sanity than Ambien.  Check it out.  Oh, and I had a meeting with my accountant today (CPA and an attorney), and, of course, this came up as a topic.  So, you are off the mark here.  Sorry.  And I'll leave the name-calling to you.  It so suits you.
11:48 PM on 05/21/2013
Senators,
Get off your grandstand, enact a flat tax, no exemptions, and send it to the house for passage.
No exemptions means exactly that, not exemptions for any one or organization, secular, charity, and religious.
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LiberalAvenger3000
Greed will devour all of us.
11:40 PM on 05/21/2013
With all of those overpriced laptops and computers they sell, you would think that Apple would be fine with paying their fair (not legal) share of taxes.
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sharooni
The patients have overtaken the asylum
11:52 PM on 05/21/2013
Their notebooks are really, really good. As a lifetime PC user who made the jump over a year ago, I have to admit I find MAC's to be superior machines But with this little disclosure delivered with such attitude, I seriously doubt that I will be, as I had planned to do, adding any other piece of Apple equipment to my personal or workspace. Tim just shot himself in the foot. Corporations have them, you know? The Roberts Court said so.
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LiberalAvenger3000
Greed will devour all of us.
12:03 AM on 05/22/2013
The only thing I like about Apple computers are the operating systems. I personally prefer snow leopard over windows 8 ( I even prefer windows 2000 over windows 8). But if you decide to boycott Apple products, Asus makes some really nice notebooks
12:34 AM on 05/22/2013
Pray tell me where you can get an Apple desktop for less than $2,000 comparable with an 8-core 4.0gHz processor, dual video cards with 1792 stream processors and 3GB on dedicated GDDR5 memory per card, and 32GB of DDR3 2000 RAM. Do tell?
02:07 AM on 05/22/2013
Please enlighten us, LiberalAvenger. What exactly is the definition of this vapid cliche "fair share" that we hear all too often? I'm checking my copy of the Progressive Talking Points manual, but all it says is "equivocating declaration possessing the generalized ambiguity of an indeterminate allusion. See Hope and Change".
11:32 PM on 05/21/2013
Think of all those Occupy Curb sitters communicating with Apple products only to find out now, that APPLE invests money overseas, and avoids paying there "fair share". Oh my the sky is falling... LOL LOL
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PatrickforO
America needs a Labor Party
11:52 PM on 05/21/2013
Facetiousness aside, this is a serious issue. Our tax base (in theory) should help fund our old age pensions and medical care, take care of our infrastructure, which according to the American Society of Civil Engineers, is outdated enough to be unsafe. Innovations, research & development and transportation infrastructure, as well as smart power grids and disaster relief are what we should be doing. But where's the money? Frittered away in wars, drones and no-bid contracts. The bottom line is there's enough money to take care of the American people, or to fund wars. But not both. And when Congress winks at corporations and allows them to avoid paying taxes on billions in profits, it hurts the tax base. We don't even have policies that force companies to put the environmental costs of their products into their prices. Government subsidies (read corporate welfare) is so pervasive that we've never really tested a 'free market' system. These companies need to pay their taxes because they are incorporated here, and we are a primary market.
11:57 PM on 05/21/2013
Apple didn't break any laws, just like Pelosi, who invests money overseas to avoids taxes did not break any laws.  But Mitt was screwered for investing overseas.  Smells like a double standard.
02:21 AM on 05/22/2013
I agree js. The resulting cognitive dissonance this realization creates for them is quite entertaining!
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wordenreport
Expert Analysis
11:26 PM on 05/21/2013
Steve Jobs was a visionary. His successor is a manager. This is the basis of Apple's woes. The tax issue is a side issue. See http://thewordenreport.blogspot.com/2012/10/execs-axed-at-apple-no-king-of-hill.html