Mark Mecum is 100% correct. A company’s obligation is not to the taxing authority, it is to shareholders. If you think companies should tell taxing authorities “Oh you should tax me more”? If yes, sadly then you are not-right-bright and do not understand business. Regardless of your personal income do.you potion your taxing authority to take more of your money; I think not. Before you demand companies pay more taxes than the laws require then you should send in more from your income as well, say 30% more. It is the legislature that sets taxes not companies, companies follow tax laws paying their due. Folks, companies are not taxed too little, it is the countries over spend, then when they receive a windfall it is spent, leaving them wanting more. Most folks do not understand finance, accounting, business obligations, however those same folks are emotional without a lick of understanding.
Why should a business not take all tax relief it can find in the laws? As an individual I do, and I am sure so does this writer. As a shareholder of a company it would be malfeasance to pay more than it owes based on the laws on the books.
Why not approach the appropriate place for this to be addressed, the bodies that create these convoluted tax laws? The tax code has become so complex and burdensome, think of the $'s spent on compliance alone. FIX THE TAX CODE! Don't punish those who utilize it, they didn't create it.
Scott - 5 years ago
If you want corporations to pay more taxes, then close the loopholes. Apple is simply taking advantage of LEGAL loopholes that all Americans would take advantage of if given the chance.
Jake - 5 years ago
Instead of not taking advantage of loopholes, Apple should be working with law makers to close these. From a legal perspective, it’s Apple’s obligation to shareholders requires that it takes advantage of them, but working to close these loopholes would be a good first step
Craig - 5 years ago
I voted ‘yes, definitely’ and a lion’s share of my portfolio is in Apple stock: most of it acquired between $11 & $20 per share a long freaking time ago. Sure, it would cost me money but it’s the ethical high ground.
Stefan - 5 years ago
Apple is definitely NOT environmentally friendly. They charge $500 for a part that a third party offers for $150. Why ? They make the cost of their repairs so high hoping that you buy a new computer or iPhone rather than repairing your existing product.
Ondřej Habětínek - 5 years ago
That was one of the best articles i read in a looong time. I fully agree with your oppinion and I believe it would be the right move for Apple. Again, awesome read
Mark Mecum is 100% correct. A company’s obligation is not to the taxing authority, it is to shareholders. If you think companies should tell taxing authorities “Oh you should tax me more”? If yes, sadly then you are not-right-bright and do not understand business. Regardless of your personal income do.you potion your taxing authority to take more of your money; I think not. Before you demand companies pay more taxes than the laws require then you should send in more from your income as well, say 30% more. It is the legislature that sets taxes not companies, companies follow tax laws paying their due. Folks, companies are not taxed too little, it is the countries over spend, then when they receive a windfall it is spent, leaving them wanting more. Most folks do not understand finance, accounting, business obligations, however those same folks are emotional without a lick of understanding.
Taxation is theft.
Why should a business not take all tax relief it can find in the laws? As an individual I do, and I am sure so does this writer. As a shareholder of a company it would be malfeasance to pay more than it owes based on the laws on the books.
Why not approach the appropriate place for this to be addressed, the bodies that create these convoluted tax laws? The tax code has become so complex and burdensome, think of the $'s spent on compliance alone. FIX THE TAX CODE! Don't punish those who utilize it, they didn't create it.
If you want corporations to pay more taxes, then close the loopholes. Apple is simply taking advantage of LEGAL loopholes that all Americans would take advantage of if given the chance.
Instead of not taking advantage of loopholes, Apple should be working with law makers to close these. From a legal perspective, it’s Apple’s obligation to shareholders requires that it takes advantage of them, but working to close these loopholes would be a good first step
I voted ‘yes, definitely’ and a lion’s share of my portfolio is in Apple stock: most of it acquired between $11 & $20 per share a long freaking time ago. Sure, it would cost me money but it’s the ethical high ground.
Apple is definitely NOT environmentally friendly. They charge $500 for a part that a third party offers for $150. Why ? They make the cost of their repairs so high hoping that you buy a new computer or iPhone rather than repairing your existing product.
That was one of the best articles i read in a looong time. I fully agree with your oppinion and I believe it would be the right move for Apple. Again, awesome read