Stock Market update: Everybody panic!

Catfish · 01-24-18, 08:38 AM

Regarding Apple now paying taxes, nothing to do with "Trumponomics":
(from Neal's link):

"The fuse was lit when Apple executives led by chief executive Tim Cook were summoned before a US senate committee in 2013 to be questioned on the structures used in relation to profits earned overseas. At the heart of this was a company which didn’t pay its taxes anywhere.

Apple, the grand masters of tax planning, had invented a new trick – you might call it tax residency in the cloud. The fact that the company involved was incorporated in Ireland put us right bang in the middle of the story, of course

And then came the 2016 European Commission decision that Ireland had given Apple illegal State aid in the way it dealt with the company’s tax affairs here. Apple owed Ireland €13 billion plus interest and penalties as a result, the commission concluded.

Like many other big companies, Apple had pushed the tax game too far."

01-24-18, 08:38 AM	#11
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,934 Downloads: 38 Uploads: 0	Regarding Apple now paying taxes, nothing to do with "Trumponomics": (from Neal's link): "The fuse was lit when Apple executives led by chief executive Tim Cook were summoned before a US senate committee in 2013 to be questioned on the structures used in relation to profits earned overseas. At the heart of this was a company which didn’t pay its taxes anywhere. Apple, the grand masters of tax planning, had invented a new trick – you might call it tax residency in the cloud. The fact that the company involved was incorporated in Ireland put us right bang in the middle of the story, of course And then came the 2016 European Commission decision that Ireland had given Apple illegal State aid in the way it dealt with the company’s tax affairs here. Apple owed Ireland €13 billion plus interest and penalties as a result, the commission concluded. Like many other big companies, Apple had pushed the tax game too far." __________________ >^..^<*)))>{ All generalizations are wrong.