[ cgl / g / mu ] [ index / top / reports / FAQ / DAAS / status / transparency / fuuka ] [ img-search ]
As Dark As My Soul v2 Yotsuba Green

/g/ - Technology (Full Images)

Now with more hardware failures. Any spare hardware to replace Dell OptiPlex 755?
View post   

File: 82 KB, 800x532, apple.auckland.new_.zealand-800x532.jpg [Show reposts] Image search: [google] [iqdb]
59502480 No. 59502480 [Reply] [Original]

>The electronics giant sold $4.2 billion (NZD) worth of products in New Zealand, but it didn't pay any local tax at all. That's according to a Saturday report from the New Zealand Herald. Apple did pay $37 million in income tax based on its New Zealand sales, but it paid that money to the Australian government, since that's where the New Zealand operation is run from.

>The arrangement to send the tax on New Zealand profits to Australia has been in place since at least 2007. Experts confirmed the arrangement is legal under New Zealand law.

>"They're operating completely legally," said Deborah Russell, a university lecturer who was recently selected to be a candidate in the New Zealand Labour Party. "It's just that age-hold distinction between legality and morality."

>John Payne, a spokesman for a New Zealand business lobby called the Corporate Taxpayers Group, said the same tax techniques used by Apple are used by local exporters.

>"It's Tax 101 in terms of activity," Payne told the newspaper. "And it's quid pro quo for us when we're operating similarly in another country."

>The Herald calculated that, if Apple had "reported the same healthy profit margin in New Zealand as it did for its operations globally," it would have paid $356 million NZD in taxes.

>"Apple aims to be a force for good, and we're proud of the contributions we've made in New Zealand over the past decade," an Apple Australia representative told the newspaper. "Because our products and services are created, designed and engineered in the US. That's where the vast majority of our tax is paid."


>> No. 59502514
File: 8 KB, 255x192, 1413151420124-1.jpg [Show reposts] Image search: [google] [iqdb]

Why do I care about corporations devising clever, yet legal ways to avoid needlessly having their money stolen by wasteful federal entities?

NZ can't be that bothered by it else they'd change their laws.

>> No. 59502535

The average apple user, everyone.

>> No. 59502553

They don't pay any taxes in the US, either. Unless the spokesperson was referring to sales tax and payroll tax and such. It's all laundered through Ireland.

>> No. 59502595
File: 4 KB, 148x160, 1413150229084-0.jpg [Show reposts] Image search: [google] [iqdb]

God damn those corporations following the law. Someone outta do something!

Dictatorial fucktard detected.

>> No. 59502637

So how much extra money did you give to uncle sam that you weren't required to this year, anon?

The average libshit, everyone.

>> No. 59502643

Most companies "launder" through countries like Luxembourg and Ireland that have a lack of tax laws specifying companies to pay these taxes

>> No. 59502690

It's like saying code injections are ok because they are allowed by the programs structure.

>needlessly having their money stolen by wasteful federal entities?
This individual is confused not because a weird value up bringing, but because a absolutist dogma.

>> No. 59502726

>Defending publically owned corporations
At least the government can reasonably pretend they're working for the people, instead of individuals wanting to make as much money as possible from a glorified fashion company.

>> No. 59502877

>exploiting legal loopholes is bad
Fuck off.

>> No. 59503963
File: 865 KB, 1526x1181, 1459042539266.png [Show reposts] Image search: [google] [iqdb]

iToddlers are literally cucks

Name (leave empty)
Comment (leave empty)