Apple Ordered to Pay $14.5 Billion in Back Taxes

[GPRS Internet]

Its on their balance sheet, like i said all you had to do was look. The balance sheet wont tell you where the funds are but it will tell you.

Balance sheet in most cases not correct brah.....

[pezz]

Balance sheet in most cases not correct brah.....

The balance sheet has to be correct. That is fraud and a very bad crime. That would be fooling investors.

Check the company call Enron.

[GPRS Internet]

Many of these companies have shell companies where they dump millions/billions of dollars.. call it fraud or tax invasion maneuvers, but these multi billion dollar companies pay big bucks to make the books appear clean .....

There are also may other loopholes.. donating to charities is a big one..

In a perfect world balance sheets has to be correct, but we all know this world is far from perfect...

[pezz]

Many of these companies have shell companies where they dump millions/billions of dollars.. call it fraud or tax invasion maneuvers, but these multi billion dollar companies pay big bucks to make the books appear clean .....

There are also may other loopholes.. donating to charities is a big one..

In a perfect world balance sheets has to be correct, but we all know this world is far from perfect...

That's why I said lookup Enron. They were the best at those wrong doings.

[NOKIA 3650]

Check the company call Enron.

That's a low-blow right there. You didn't have to go that far. I'm sure that to this day there are investors still trying to recover and forget what happened.

[topanaris]

Dont think he is implying that Apple is Enron, think he is simply saying that falsifying a balance sheet is a crime.

[pezz]

The more I read about this is the more I see how terrible Apple is as a company.

The investigation concluded that Apple paid an effective corporate tax rate of 1% on its profits in Europe in 2003, whereas in 2014 the rate was as low as 0.005%. However, Ireland's official corporate tax rate is 12.5%.

EU tax officials have found that whenever someone buys an Apple product in Europe, the Middle East, Africa or India, they're in fact purchasing it from Apple Sales International in Ireland. However, Apple's deal with Ireland allowed it to "avoid taxation on almost all profits generated by sales of Apple products."

http://www.gsmarena.com/european_com...news-20220.php

[khat17]

I thought the reason they moved their operations out of the US was to lower their taxes. Not avoid them almost entirely.