tag:blogger.com,1999:blog-6616959642391988608.post6585263493724837337..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Thoughts on Tim Cook's testimonyScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-6616959642391988608.post-19552919907861527222013-05-28T13:02:57.853-07:002013-05-28T13:02:57.853-07:00Rich, your post appears to me to be at the root o...Rich, your post appears to me to be at the root of the ideological divide now consuming this country. Implied in your comments is that the government is entitled to it's due. Since Apple does pay corporate tax, and a very lot of it, it then becomes a question of how much. If they paid no or very little taxes, like that corporate crony GE, that would be one thing. <br /><br />Apple pays Bobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-66642054019722644462013-05-27T12:33:36.021-07:002013-05-27T12:33:36.021-07:00Corporations are not people. They are legal constr...Corporations are not people. They are legal constructs, essentially contracts that organize capital. <br /><br />When considering how much corporations should be taxed, its fair to ask what corporations need and get from the government. <br /><br />Do corporations benefit from government? Can the corporations function without government?Johnhttps://www.blogger.com/profile/06365403570563730880noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-27100726803491825342013-05-26T09:07:12.595-07:002013-05-26T09:07:12.595-07:00Perhaps the most bezare issue of the US tax code i...Perhaps the most bezare issue of the US tax code is that the US government has the right to tax US citizen's income no matter in which country it is earned. Most countries DO NOT tax a citizen's income which is earned in another country.<br /><br />The US taxes ALL income but does give a tax credit for foreign taxes paid - providing the tax payer doesn't have too many "deductionsWilliamhttps://www.blogger.com/profile/04418491109912775561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-44708953394652139682013-05-25T19:58:05.737-07:002013-05-25T19:58:05.737-07:00What occurs in tech tax planning is that patents a...What occurs in tech tax planning is that patents are transferred for no consideration to an offshore subsidiary in a low tax jurisdiction, and the US based corporation pays that subsidiary for use of the patents, thus landing income that would have been taxable in the US in the low or no tax jurisdiction. <br /><br />AAPL is a US corporation, with a US management, US invented IP, and a large US Richhttps://www.blogger.com/profile/15333565680808748761noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80787060153904068582013-05-24T11:51:19.771-07:002013-05-24T11:51:19.771-07:00also, it is worth pointing out that Apple's $1...also, it is worth pointing out that Apple's $17B bond floatation probably generated handsome underwriting fess to Wall St. So, by keeping the Byzantine tax code in place, Congress rewards Wall St. And last I checked, Wall St donates significantly to election adn re-election campaigns...Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12286452367207500592013-05-24T06:10:52.796-07:002013-05-24T06:10:52.796-07:00Very well stated, Mr Grannis! I am in complete ag...Very well stated, Mr Grannis! I am in complete agreement with your thoughts and I commend Sen Rand for his position as well...<br /><br />Zero tax is not a perfect world but one which should be standard, as a corporate tax is simply one of many hidden taxes and a tax on a tax, as well.<br /><br />I would also add, it is another reason why I do not read anything nor use which comes from Bloombag..Hanshttps://www.blogger.com/profile/05183141792723754273noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-7277390266852499432013-05-24T05:34:02.981-07:002013-05-24T05:34:02.981-07:00in a perfect world we have 0 corp tax and 0 income...in a perfect world we have 0 corp tax and 0 income tax. tax consumer spending and ALL of this nonsense goes away-including IRS scandals. of course, pols LOVE income tax because it gives them leverage over their special interests.stevehttps://www.blogger.com/profile/07387986994469835875noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-60557112049166930112013-05-23T20:01:33.910-07:002013-05-23T20:01:33.910-07:00Corporate income taxes have shrunk much they have ...Corporate income taxes have shrunk much they have become a minor portion of federal revenues. Payroll taxes have soared in the last 30 years.<br /><br />It probably is impossible to collect corporate income taxes---multi-nationals can always say profits were generated in oversea locations---so we might as well give up, and sub in a national sales tax and gasoline tax. <br /><br />I mean, sheesh Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com