Re:Apple’s head of security indicted in Santa Clara County C...
by maxerickson on Wednesday November 25, 2020 @11:17AM
(#25210779)
Apple's marketing is that the money is made in California. Designed by Apple in California has long appeared as a feel good on their products that are assembled overseas.
Re:Apple’s head of security indicted in Santa Clara County C...
by rkt88edmo on Wednesday November 25, 2020 @11:51AM
(#25211241)
I would point you to all that cash sitting offshore that they can't repatriate back to the US, and can't seem to find productive use for in the countries where it sits. That is the direct result of tax planning. I haven't been keeping up with the cases, but I know Amazon won, and Coca-cola just lost, not sure where Apple's cases are in tax court. Hopefully they aren't an EY audit/tax client.
Re:Apple’s head of security indicted in Santa Clara County C...
by maxerickson on Wednesday November 25, 2020 @09:20PM
(#25216290)
Okay. My belief is that their marketing is more indicative of their ethos than their tax planning though.
That said, it doesn't make sense for the global profits of a company like Apple to get taxed in California or Cupertino. The accounting isn't necessarily easy, but it makes more sense to tax where was money was made (which is murky and complicated) than to funnel it all to the HQ; Apple is more than just a spaceship in one city.
This isn't to say Apple isn't doing things to avoid paying taxes, either. My point is that using corporate taxes of a company with global sales to solve local issues doesn't make sense.