SEC Clears Apple’s Tax Strategy

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Just because you think Apple's tax strategy is total B.S., that doesn't mean it is illegal. The Securities and Exchange Commission has closed their investigation of the company and has chosen to take no action against them at this time.

Four months after opening its review of Apple’s finances, the Securities and Exchange Commission has closed it, having found nothing untoward about the company’s handling of its overseas cash and related tax policies. In a September letter to Apple, released late last week, the SEC said it had completed its review of the company’s fiscal 2012 annual report, and would take no action against it at this time.
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Of course, this is not surprising. Apple has great lawyers and bean counters. Why would they risk doing something illegal (in this case)?
 
They don't have to worry about doing anything illegal. If they want to do something shady, they just get their lobbyists to lobby the government to make it legal.
 
UrielDagda said:
They don't have to worry about doing anything illegal. If they want to do something shady, they just get their lobbyists to lobby the government to make it legal.
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Some times I think some of the corporate groups lobbying to keep the tax code as messy as it is spend more money lobbying than they would in taxes. Keep the code gutless or messy enough that you can do whatever you please.

It puts me in mind of the Tea Party with their plan to neuter the federal government so they can do whatever they want to whomever they want.
 
Twisted Kidney said:
Some times I think some of the corporate groups lobbying to keep the tax code as messy as it is spend more money lobbying than they would in taxes. Keep the code gutless or messy enough that you can do whatever you please.

It puts me in mind of the Tea Party with their plan to neuter the federal government so they can do whatever they want to whomever they want.
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The tax code was invented by lawyers to keep lawyers in business.
 
In unrelated news the SEC just upgraded to all new Apple Macs, Macbooks, iPads, ipods, and iphones.
Lol...
 
Of course it was cleared. They are doing nothing different than most large corporations in the US.
 
Twisted Kidney said:
It puts me in mind of the Tea Party with their plan to neuter the federal government so they can do whatever they want to whomever they want.
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So it's so much better that only the rich get to do whatever they want to whomever they want.

It's more about removing power from the FEDERAL government, leaving more power in the hands of the state and local governments which are more responsive to the voters.

As long as the federal government has their hand in everything, companies & people are going to lobby to try an get their share (or more than their share). If you simplify thing, like a flat or consumption based tax, with no special exceptions, then companies won't be able to play these games.
 
nutzo said:
So it's so much better that only the rich get to do whatever they want to whomever they want.

It's more about removing power from the FEDERAL government, leaving more power in the hands of the state and local governments which are more responsive to the voters.

As long as the federal government has their hand in everything, companies & people are going to lobby to try an get their share (or more than their share). If you simplify thing, like a flat or consumption based tax, with no special exceptions, then companies won't be able to play these games.
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Yeah their strategy is totally not because it's way easier to corrupt a state and rule it with a few quick bribes when you don't have to worry about brooder consensus. It totally not because it just costs so damned much money to buy federal politicians. Obviously it's not because it would be so much better if you could focus on buying a single state's government and getting laws changed.

A tiny, impotent federal government (which the United States has never had in it's entire history) totally isn't a new talking point created by a small number of people who see it as their right to force their increasingly aggressive agenda on the vast majority of citizens through good old divide and conquer.
 
Twisted Kidney said:
Some times I think some of the corporate groups lobbying to keep the tax code as messy as it is spend more money lobbying than they would in taxes. Keep the code gutless or messy enough that you can do whatever you please.

It puts me in mind of the Tea Party with their plan to neuter the federal government so they can do whatever they want to whomever they want.
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Wow, nice straw man you're trying to build there, but compare those wanting to keep the tax code a mess a group whose one of their goals was simplifying that very tax code you're complaining about is disingenuous at best.
 
Twisted Kidney said:
Yeah their strategy is totally not because it's way easier to corrupt a state and rule it with a few quick bribes when you don't have to worry about brooder consensus. It totally not because it just costs so damned much money to buy federal politicians. Obviously it's not because it would be so much better if you could focus on buying a single state's government and getting laws changed.

A tiny, impotent federal government (which the United States has never had in it's entire history) totally isn't a new talking point created by a small number of people who see it as their right to force their increasingly aggressive agenda on the vast majority of citizens through good old divide and conquer.
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Huh?
 
DarkStar_WNY said:
Wow, nice straw man you're trying to build there, but compare those wanting to keep the tax code a mess a group whose one of their goals was simplifying that very tax code you're complaining about is disingenuous at best.
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One flat sales tax.. exclude all food & water.
 
Apple are doing nothing wrong here, just like Google are doing nothing wrong by avoiding taxes.

There are loop holes in the law.

They have a duty to share holders to save money.

If you want them to pay taxes then fix the loop holes.
 
Spazturtle said:
Apple are doing nothing wrong here, just like Google are doing nothing wrong by avoiding taxes.

There are loop holes in the law.

They have a duty to share holders to save money.

If you want them to pay taxes then fix the loop holes.
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Yes, the whole "Think Different" idea was simply marketing BS to convince the hipsters that Apple was a kinder and gentler company but ultimately they are no different then any other company, despite what it's fanboys claim.
 
To say I told you so would be redundant. Thank you. I just broke my arm patting myself on the back.
 
And Obama didn't touch the Samsung ban, either. How fortuitous and entirely coincidental.
 
Complexity just favors the large businesses and gives them an even greater advantage over the smaller businesses with small staff. The divide between the rich and middle class is getting wider and wider. The middle class is more like the poor, each and every day. And I think the smaller businesses have the greatest potential for job growth. This government favors big business even though it pretends otherwise.
 
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