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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsApple Didn't Build Your iPhone, Your Taxes Did -(Article Title)-
Last edited Mon Sep 23, 2013, 02:53 PM - Edit history (1)
I enjoyed this article and thought it an interesting point in regards to what drives GDP and job movement.
http://www.pbs.org/newshour/businessdesk/2013/09/the-entrepreneurial-state-appl.html
'The Entrepreneurial State': Apple Didn't Build Your iPhone; Your Taxes Did
By Mariana Mazzucato
My apologies if this is the wrong place to put it, but, I just thought it was decent in explaining how our current strategy of just dealing with the deficit is not the best area to concentrate on.
Historic NY
(37,453 posts)Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.
The company has made clear that given current U.S. tax rates, it has no intention of repatriating its overseas profits to the U.S.
http://www.stltoday.com/business/local/panel-apple-uses-firms-outside-us-to-avoid-taxes/article_4435390d-3ad2-59c2-b8c3-9baa7691a250.html
Every one sold here should came with a hefty import surcharge.
Xyzse
(8,217 posts)Many corporations avoid taxes.
Dreamer Tatum
(10,926 posts)and therefore just fine.
Xyzse
(8,217 posts)But I don't agree that it is fine or ethically correct.
Though this goes for more than just Apple, I feel this way in regards most companies, from GE to anything else.
Except Maglite. I like Maglite.
dkf
(37,305 posts)That's funny.
Rex
(65,616 posts)but that could be said for most any corporation living on corporate welfare.
Though I am mostly concentrating on where they should concentrate their efforts are in regards to jobs and the economy.
The current attention to the deficit is frustrating.
Rex
(65,616 posts)I can think of another f word to describe their lack of attention. I've completely given up on Congress. The don't seem to want to keep the country working on a daily basis.
JEFF9K
(1,935 posts)dkf
(37,305 posts)Why would government have wanted to develop an iPhone so I could read DU and play games? Really they could care less. That would never be their priority and I wouldn't expect it to be.
It's not like they are so interested in transparency that my phone makes it easy to oversee the government.
My iPhone furthers nothing that the government thinks is necessary.