Apple
Out of context: Reply #1174
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- utopian4
Cupertino's mayor says Apple is 'not willing to pay a dime' in taxes
Cupertino Mayor Barry Chang is not pleased with Apple, the most valuable corporation in the world and the city's largest and most economically flush resident. In an interview with The Guardian posted today, Chang assailed Apple for evading taxes and hiding profits in offshore accounts, saying "Apple is not wiling to pay a dime." He says the company's practices are leaving Cupertino — the home of both Apple's current headquarters and the new 2.8 million-square-foot "Spaceship" campus — overcrowded and decrepit.
"They’re making profit, and they should share the responsibility for our city, but they won’t," Chang said. "They abuse us." Apple pays a tax rate of about 2.3 percent thanks to loopholes in the system, The Guardian reports, and paid the city of Cupertino $9.2 million from 2012 to 2013, despite housing around $181 billion overseas. Chang says the company should pay far more, and he tried to force Apple to gift $100 million to Cupertino for infrastructure projects. The motion was struck down by the city council.
- we buy their shit and pay their taxes, sweet dealmoldero
- wait. 2.3%? am I misreading this, thats what they get taxed???sofakingback
- yup, corporations own America, you know, "keep govt out of things" and "free markets" as long as they are controlled by big businessformed
- you pay the taxes via sales tax? if they pay taxes you end up paying it no corp is going absorb costs.yurimon
- at least thats the mentalityyurimon
- Wow, FUCKING DIRTY PRICKS! +1portmanteau
- Build a toll road in and out of the Apple campus.i_monk