Apple executives were shocked, shocked to find U.S. senators who were amazed at the technology giant’s capacity to avoid taxes. Maybe the incredulous response was appropriate. Congressional indifference has aided and abetted the scam for years.
Apple moves billions of dollars around the planet before it lands in Ireland for a bit of Irish cream. Low taxes and, sweeter still, tax avoidance.
The Senate appearance by Apple CEO Tim Cook was, in effect, an homage to the power and influence of Apple in U.S. politics. The company gets to use the federal services in the United States, and not pay its fair share of them. That is left to you and me. How do you like that arrangement?
One has to marvel at the magic of Apple’s legal and accounting crews. The Los Angles Times story described how one of the companies, Apple Operations International, which has no employees, reported $30 billion in income in four years, and has not filed an income-tax return in any country for the past five years.
Right. So if you wait tables or work as a barista, try not reporting any tips for a few years. Expect a call.
Oh, and the best part, Sen. Rand Paul, R-Ky., the deficit hawk, cannot understand what the fuss is all about with Apple. Any pursuit of equity for mere mortal taxpayers would be “bullying, berating and badgering” one of his district’s favorite constituents.