Glad I'm not the only one who thinks its an outrage that the world's most valuable company, with vast revenues and huge cash surpluses, is looking for ways to avoid paying federal taxes. A US Senate committee is going after Apple, with the chair, Carl Levin, saying the company created "ghost corporations" in Ireland to hide profits and cheat the US out of $9 billion.
Now, just for the record: What Apple is doing is probably legal. The federal tax code is, to put it mildly, all fucked up, and it allows US companies to get away with all sorts of gimmicks.
But remember: Somebody has to pay for all the debt that GW Bush racked up in his foolish wars, and all the other (much smaller) expenses that the federal government incurs. So if Apple hids $9 billion, then you and me -- or, as the late, great Jonathan Kwitny put it, "the millions of lathe operators, clerks, computer programmers, dirt farmers, druggists, and hod carriers who are harnessed collectively as the American taxpayer" -- have to make up the difference.
I'm glad Sen. Levin is on this.
Most Commented On
- Port of Oakland work stoppage gets chaotic - July 13, 2014
- Give the public and private - July 13, 2014
- Coin the Correctly Choice When Buying Pro Hi Fi Speakers - July 13, 2014
- Bay's Guardian: The Troll - July 13, 2014
- What club are you referring - July 13, 2014
- Growth potential - July 13, 2014
- Starting pay for staff is - July 13, 2014
- Jazz hands!! - July 13, 2014
- SF may go through Marin County to bypass CleanPowerSF subversion - July 13, 2014
- Google Glass Explorer opens up on bar fight, privacy - July 13, 2014