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by jorvi 3320 days ago
Humor me this: why should Apple pay any significant tax to America on a Chinese-assembled iPhone, built from Chinese parts, sold in a Chinese store to a Chinese man, via a Chinese bank, in Chinese currency? America its worldwide tax policy is absolute hubris, thinking it is entitled to a piece of another country's tax stream.
1 comments

Because the value added is in the brand and the software, both of which are created in the US -- as is demonstrated both in the pricing of equal competitor hardware at a third of what iDevices sell for.

And of course Apple doesn't pay corporate income taxes on most of its profits in China either[1], so the issue would remain even if you could convince anyone that the value creation and tax obligation took place in China.