- Joined Oct 14, 2008
They were not setup to circumvent US taxes, I said this numerous times. They were setup to circumvent international taxes in nationalities that weren’t the US. US only taxes earnings made in the USA and on incomes that eventually is pulled back from international areas back to the US. Those shell companies weren’t setup to do any of that, they were setup to minimize EU taxes and other nations around the globe. I don’t know what the documentary was telling you but I read a whole thesis and wrote a project about this back in graduate school for a tax classThey kept cash in tax havens to avoid US taxes. Thats circumvention of US taxes. You can argue its a smart business move and I wouldnt argue against that. But its clear that they were trying to avoid the tax bill, as evidenced by the fact that they did indeed wish to return the cash to the US and only did so after lawmakers knocked 40B off their bill. The issue is lawmakers going after low wage earners to pay for their own stimulus, while allowing billion dollar conglomerates to continually skate, not whether what apple is doing is wrong or illegal.