Apple responds to the New York Times’ article about the company’s tax evasion practices.
Apple’s tax strategies are apparently all totally legal and Apple isn’t the only company minimizing taxes this way. But apparently Apple feels the need to justify their strategies and the way they’re doing it is by pointing out how many jobs they’ve created in the US. If I wanted to be cynical, this would read: We may be (legally) evading taxes to the tune of tens of billions of dollars, but we’ve created hundreds of thousands of jobs for people who have no choice but to pay taxes. So taxes are being paid, just not by us.
I’m being unfair, though. What Apple and many other companies are doing is perfectly legal and I don’t think companies have any moral obligation to pay more taxes than they’re legally required to. It just shows who, in the end, pays all the taxes: wage slaves.
Update: Here’s an interesting Forbes article from 2010 about why US corporations sometimes pay so little taxes. And here’s the same data as a nice infographic. Spoiler: Apple isn’t the worst of the bunch, by far.
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