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
- Dude, recycling is collected at your home. - July 10, 2014
- What about the city's monopoly on almost everything it does - July 10, 2014
- Posting personal photos is very creepy - July 10, 2014
- GuestHope is a troll. Ignore him. - July 10, 2014
- @GuestHOPE-Why the continuous - July 10, 2014
- If you really want more diversity in SF then you would want - July 10, 2014
- What about David Chiu's failing CIVIL GIDEON ???? Deja Vu. - July 10, 2014
- ABC7's pedestrian safety coverage courts controversy - July 10, 2014
- I will be back in a day or - July 10, 2014
- Elderly assisted living facility residents face eviction - July 10, 2014