Cowlesy
04-28-2012, 04:35 PM
Love or hate Apple, they spend millions of dollars a year like any other big company to be as efficient with taxes as possible. Not to mention, they pay billions of taxes.
I knew this would happen now that they're selling mass amounts of products. Now, the NY Times and Politicians are whining they are not getting what they perceive as their 'fair share' of Apple's profits.
http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html
The article is 5 pages long, but a few chunks from the last page caught my eye. Steve Jobs might have been an ass, but I consider him to be correct.
Fallout in California
In one of his last public appearances before his death, Steven P. Jobs, Apple’s chief executive, addressed Cupertino’s City Council last June, seeking approval to build a new headquarters.
Most of the Council was effusive in its praise of the proposal. But one councilwoman, Kris Wang, had questions.
How will residents benefit? she asked. Perhaps Apple could provide free wireless Internet to Cupertino, she suggested, something Google had done in neighboring Mountain View.
“See, I’m a simpleton; I’ve always had this view that we pay taxes, and the city should do those things,” Mr. Jobs replied, according to a video of the meeting. “That’s why we pay taxes. Now, if we can get out of paying taxes, I’ll be glad to put up Wi-Fi.”
He suggested that, if the City Council were unhappy, perhaps Apple could move. The company is Cupertino’s largest taxpayer, with more than $8 million in property taxes assessed by local officials last year.
Ms. Wang dropped her suggestion.
Cupertino, Ms. Wang said in an interview, has real financial problems. “We’re proud to have Apple here,” said Ms. Wang, who has since left the Council. “But how do you get them to feel more connected?”
Oh, and then there is this.
Moreover, Apple has given nearby Stanford University more than $50 million in the last two years. The company has also donated $50 million to an African aid organization. In its statement, Apple said: “We have contributed to many charitable causes but have never sought publicity for doing so. Our focus has been on doing the right thing, not getting credit for it. In 2011, we dramatically expanded the number of deserving organizations we support by initiating a matching gift program for our employees.”
See that won't fly with politicians. If you aren't banging pots and pans for attention because you give money away, something must be wrong with you.
I knew this would happen now that they're selling mass amounts of products. Now, the NY Times and Politicians are whining they are not getting what they perceive as their 'fair share' of Apple's profits.
http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html
The article is 5 pages long, but a few chunks from the last page caught my eye. Steve Jobs might have been an ass, but I consider him to be correct.
Fallout in California
In one of his last public appearances before his death, Steven P. Jobs, Apple’s chief executive, addressed Cupertino’s City Council last June, seeking approval to build a new headquarters.
Most of the Council was effusive in its praise of the proposal. But one councilwoman, Kris Wang, had questions.
How will residents benefit? she asked. Perhaps Apple could provide free wireless Internet to Cupertino, she suggested, something Google had done in neighboring Mountain View.
“See, I’m a simpleton; I’ve always had this view that we pay taxes, and the city should do those things,” Mr. Jobs replied, according to a video of the meeting. “That’s why we pay taxes. Now, if we can get out of paying taxes, I’ll be glad to put up Wi-Fi.”
He suggested that, if the City Council were unhappy, perhaps Apple could move. The company is Cupertino’s largest taxpayer, with more than $8 million in property taxes assessed by local officials last year.
Ms. Wang dropped her suggestion.
Cupertino, Ms. Wang said in an interview, has real financial problems. “We’re proud to have Apple here,” said Ms. Wang, who has since left the Council. “But how do you get them to feel more connected?”
Oh, and then there is this.
Moreover, Apple has given nearby Stanford University more than $50 million in the last two years. The company has also donated $50 million to an African aid organization. In its statement, Apple said: “We have contributed to many charitable causes but have never sought publicity for doing so. Our focus has been on doing the right thing, not getting credit for it. In 2011, we dramatically expanded the number of deserving organizations we support by initiating a matching gift program for our employees.”
See that won't fly with politicians. If you aren't banging pots and pans for attention because you give money away, something must be wrong with you.