Apple CEO Tim Cook Testifies About Avoiding Taxes- Part 1 of Hearing 

..TRY TO SELL THIS NOW ONE FOR CARL LEVIN CARL LEVIN IS A ONE WHO IS USED TO THIS KIND OF STUFF IT IS NO DIFFERENCE THAN THE ONE SHITTY DEAL OF GOLDMAN SACKS IN THE FINANCIAL CRISIS HEARINGS hahaha..

Perhaps you are correct that Apple does good work, but if they are going to receive The Federal Reserve's quantitative easing money, which is created out of thin air, and tax payers are expected to pay that money back, then shouldn't they be paying taxes? Also, why are we paying our taxes to the shareholders of stock of privately owned central banks for creating money out of thin air to loan to government and corporations anyway?

I am a genius who changes lives, why do I have to be transparent to the government and pay all legally obligated taxes?

Capeau Good point.

they said 30, 5% several times. which is very much less if they payed more than 0.0005% tax in ireland for the incomes of all their sales in europe, africa and asia. that would maybe not matter much for small companies in america, who have to pay tax for all their incomes, but it's sure as hell unfair against all phone, computer and app-companies outside of america, since they won't be able to compete fairly against a world dominating company who gets huge tax breaks. would they have to fire a few people to be able to pay their full tax and still give the shareholders and ceos their huge wages and shares? Yes. Could they choose to not pay the shareholders and ceos as much to be able to keep employing as many people as they are today, even if they now would have to pay their fair share of tax? Yes.

Yeah, but 45 fucking percent is not fair share. 30 percent maybe.

+LiveBetterSaveMoney the US provides FTC.. foreign tax credit so the same profit isnt taxed twice over the 35% rate. Therefore if foreign tax is 15%, they still liable for the additional 20%. All income world wide is taxable at 35% but you get a credit for prior paid foreign taxes paid.

LiveBetterSaveMoney Agreed. And crooks in office bribe, threaten and intimidate corporations to cooperate with them and their rogue little goon operation via FBI & CIA spies, and they do it to whistle blowers, everyone and anyone they deem a threat or liability, or in the way. Some in our gov want this to be another banana republic. I hope President changes this new tax plan and kicks these Dems and progressive Republicans contributions to the curb. As usual, Congress wants to take away all the deductions which will hurt, not help the middle class. They lower the tax rates, but they won't lower the government's massive domestic spending, on wasteful abuses that surpass our gross domestic earnings. They will lower corp tax rate to bring back jobs, but should be ZERO! They are double taxed by other governments where they open businesses do sales, then if they're dumb enough, bring their profits minus the taxes paid overseas, to the US where their own government taxes them more heavily than any other government on the planet, take 35-40% MORE of their profits. If we stopped punishing our companies for being successful, productive, they could bring their money back here without being robbed by our gov. Think of the multiple trillions they could invest in building up our economy, providing research and development, building business opportunities, education, lucrative markets and jobs, for our citizen's. The corporation big and small could keep their money in our banks, helping grow our economy, our opportunities. The benefits would be massive for our average citizens. Ford Motor Co., used to donate millions yearly to ALL of Dearborn schools, other city schools in Wayne Co., colleges, so that parents never had to provide any school supplies, nor sports fees or uniforms, they were committed to picking up ALL the costs that parents now must pay entirely, but despite the benevolence of some generous businesses, corporations, our government imposes massive taxes and regulation which destroys incentive and initiative to continue their philanthropic gifts. Meanwhile school taxes, local taxes must go up as our gov continues to squander the money they fleece successful business men of. Watch the Dems & RINOS (Republicans in name only, secret progressives), try to subtly, and not so subtly, bully this guy or any company who tries to explain the conundrums they must deal with. How dare anyone question or oppose being taken advantage of by our government.

***** They refused to wear tie when negotiating a deal with AT&T for their first iPhone even when they were advised to.

whats the difference between the 2

The point is they are AVOIDING taxes by doing it overseas, and then bringing it back here.

That's how americans think. Pay us everything because we say so.

mike vike they avoid taxes by doing the transactions overseas, and then not bringing it back to the USA at all. The USA wants to take about 30% of everything that these multinational companies would otherwise bring into the USA. That money will just be leaving the USA again anyway, so the multinationals keep the money as far away from taxation offices as possible. They're just doing exactly what the tax system tells them to: to keep your money, don't bring it into the USA.

Alex Satrapa and if YOU did this, you'd go to jail.

No, if I did this I'd have to be rich since I don't have the money to set up offices in Ireland and the Netherlands.

YoungHorusMedia Still believe that? lol

Did you actually listen to anything he had to say?? Or did you already pass judgement when you read the title?

He has an MBA so he's more of a businessman

Apple is still here....

Google is the future.

I think that the issue is the interest earned on the money held is taxed at USA rates less tax paid offshore as it is a source of income. However the money held by AOI if returned to the USA would also be taxed at 35% less tax paid where it was earned offshore. What Apple is doing is not returning the funds back to the USA but using it to fund offshore investments in new shops and offices. But also because the companies income is the sum of all after tax earnings, and because corporation taxes are lower offshore. Apple's after tax earnings are boosted. When they pay dividends to shareholders who are disproportionately US citizens they have to borrow money in the USA to pay the dividends as they have not repatriated the offshore earnings. The interest on the loan is then a US tax deduction.

Yeah lol, I feel like I am watching an Apple keynote rather than a court hearing