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iProfit iNdecent ?
Posted: Wed Jan 28, 2015 1:30 pm
by Bruv
US technology giant Apple has reported the biggest quarterly profit ever made by a public company.
Its phones aren't that bad but, shouldn't they pay a fair bit of their tax ?
iN Apple's case, 60% of its profits are managed through three businesses based in Ireland where tax rates and the "double Irish" mechanism mean that companies can reduce their tax liabilities.
iProfit iNdecent ?
Posted: Wed Jan 28, 2015 1:53 pm
by YZGI
Of course they should. Now how do we make that happen?
In my town we gave Boeing $40 million dollars to stay here and create jobs. They left the next year and now no jobs. Then we gave Bombardier (Learjet) $25 million to develop a jet here and create jobs, then they laid off 630 workers. And they pay no property taxes on their buildings or land.
iProfit iNdecent ?
Posted: Wed Jan 28, 2015 2:16 pm
by Bruv
YZGI;1473161 wrote: Of course they should. Now how do we make that happen?
Get our Governments to block up the Tax loopholes.
iProfit iNdecent ?
Posted: Wed Jan 28, 2015 3:35 pm
by LarsMac
Bruv;1473167 wrote: Get our Governments to block up the Tax loopholes.
Good luck with that.
Those companies pay some politicos big money to not pay taxes
iProfit iNdecent ?
Posted: Wed Jan 28, 2015 3:53 pm
by Bruv
LarsMac;1473179 wrote: Good luck with that.
Those companies pay some politicos big money to not pay taxes
We will have to have a revolution then.
iProfit iNdecent ?
Posted: Wed Jan 28, 2015 11:45 pm
by FourPart
One way might to place sanctions on the tax haven countries.