Sat, Jul 12, 2014, 8:24 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

The Boeing Company Message Board

  • stick.man007 stick.man007 May 22, 2013 2:00 PM Flag

    Bad Apples - Avoid paying Taxes !!

    ... greedy corporate worms !!
    _______________________

    As the latest revelations about Apple’s tax-dodging tactics make clear, that’s no longer the case. Over the years, aggressive tax avoidance has become the standard practice at many American-based multinationals, particularly at technology companies such as Apple, Google, and Microsoft, which like to portray themselves as being on the side of the angels. Indeed, the only surprise about Tim Cook’s appearance on Capitol Hill today is that it took so long to come about.

    According to an ongoing congressional investigation, Apple, by setting up a shell company in Ireland, where it had negotiated a tax rate of two per cent or less, was able to pay minimal taxes on much of its overseas earnings. And by transferring ownership of some of its intellectual-property rights to offshore affiliates, including some in Ireland, which then charged other parts of the company for using them, it was able to avoid paying billions of dollars of U.S. taxes on income that was actually generated in this country, which is where Apple does the bulk of its research and development.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
BA
128.09+1.30(+1.03%)Jul 11 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Potbelly Corporation
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT
Immersion Corporation
NasdaqGSFri, Jul 11, 2014 4:00 PM EDT