Hacker News new | ask | show | jobs
by BinaryIdiot 4023 days ago
Well, it is a publicly traded company that has to do what's best for its bottom line so I can't fault a company too much for working the system to their advantage. They sell far more product (or maybe it's just iPhones? not sure) foreign so it makes sense they would have a ton of foreign money.

But yeah I was surprised it wasn't all in the United States. Perhaps I'm just naive.
1 comments
aaronbrethorst 4023 days ago 

    Well, it is a publicly traded company that has
    to do what's best for its bottom line
Meanwhile, here's Tim Cook on the subject:

    “When we work on making our devices accessible
    by the blind, I don’t consider the bloody ROI,”
    Cook said, adding that the same sentiment
    applied to environmental and health and safety
    issues.
http://www.theguardian.com/environment/2014/mar/03/tim-cook-...
link
wernercd 4023 days ago
What does ROI have to do with paying taxes?

They can spend money on features that have a shitty ROI (like color blindness features) and still not want to waste money on taxes that don't need to get paid (movement of money across borders leading to taxes).

I'll hate on Apple all day, every day... but it would be stupid not to use the loopholes in the system - if selling something overseas and keeping the money overseas is a "Loophole" because selling a phone in China doesn't give the US taxes on that sale...

I'm also all about USA and holding my stars and stripes with pride... but it is down right stupid that a company can't make money over seas and then bring the money back without a massive hit - and 35% is a massive hit on money not made in the USA.

link