FabSwingers.com forum: Apple should pay 50% tax

By (user no longer on site) OP
over a year ago

Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Good on him...

And he's right.... They should

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Over what threshold?

Cause a flat 50% would be insane.

And given how he got fucked over by apple/jobs he may not be the most impartial.

Reply privately

Reply in forum

Reply +quote

By *adyGardenWoman
over a year ago

LONDON (se)

He doesn't have control over the company anymore so with good accountants the will legally never pay that much

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"He doesn't have control over the company anymore so with good accountants the will legally never pay that much"

Apple has huge amounts of cash reserves outside the us it cant bring home because ig it does it will have to pay tax on it.

Hundreds of billions iirc.

Aurprised the us gov hasnt done a sly deal like 50% off the toral bill if they repatriate the lot

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Over what threshold?

Cause a flat 50% would be insane.

And given how he got fucked over by apple/jobs he may not be the most impartial."
.

I think it was a personal statement about the unfairness of corporate taxation, he thinks apple dodge to much tax and he added that it's pretty standard for multi nationals!.

He did have a little dig at jobs by saying "i was never in it for the money, that was Steve's primary driver".

He's a very clever guy

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"He doesn't have control over the company anymore so with good accountants the will legally never pay that much

Apple has huge amounts of cash reserves outside the us it cant bring home because ig it does it will have to pay tax on it.

Hundreds of billions iirc.

Aurprised the us gov hasnt done a sly deal like 50% off the toral bill if they repatriate the lot"
.

Trump has said many times in his speeches that he will introduce a small 5%ish tax to allow them to repatriate the dosh

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Its one thing to say it and quite another to do it. Apple wont pay 50% tax until they are forced to.And they along with all the other global corps wont ever be forced to.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Yeah why not. Just add it to the cost of the phone. The gullible apple fans will generally more for less anyway

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Its one thing to say it and quite another to do it. Apple wont pay 50% tax until they are forced to.And they along with all the other global corps wont ever be forced to."
.

He actually points that out!.

Once a company gets big enough, it can use it's huge resources to employ many people to go through every single piece of small print in every country!.

Now imagine if apple spent those huge resources it spends mitigating tax to the minimal amount (they admitted their Irish division pays around 2% tax) and instead puts the extra money into R&D ... We could be even further down the line of technological advancement and have a consumer base with the actual spare cash to purchase those advancements

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Yeah why not. Just add it to the cost of the phone. The gullible apple fans will generally more for less anyway "
.

Or just expect less profit maybe?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Yeah why not. Just add it to the cost of the phone. The gullible apple fans will generally more for less anyway .

Or just expect less profit maybe?

Apple are historically overpriced. It'll just filter down

Reply privately

Reply in forum

Reply +quote

By *oo hotCouple
over a year ago

North West

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

50% tax on what? Defined by what? Collected by who?

Until the entire world simplifies and unifies tax codes, a statement like this is about as meaningless as meaningless can be.

Would you be happy if Apple ONLY paid tax in the US and nowhere else in the world? What use is that to anyone outside the US?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

50% tax on what? Defined by what? Collected by who?

Until the entire world simplifies and unifies tax codes, a statement like this is about as meaningless as meaningless can be.

Would you be happy if Apple ONLY paid tax in the US and nowhere else in the world? What use is that to anyone outside the US?"
.

I think he was talking about US apple taxation as he's a US citizen.

However the same would apply to apple UK, I mean why would they only pay tax in the US?

Reply privately

Reply in forum

Reply +quote

By *al2001Man
over a year ago

kildare

Ah I think things are fine just the way they are

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Yeah why not. Just add it to the cost of the phone. The gullible apple fans will generally more for less anyway .

Or just expect less profit maybe?

Apple are historically overpriced. It'll just filter down "

I was thinking all companies that pay tax just pass that tax onto us anyway.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site) OP
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Yeah why not. Just add it to the cost of the phone. The gullible apple fans will generally more for less anyway .

Or just expect less profit maybe?

Apple are historically overpriced. It'll just filter down

I was thinking all companies that pay tax just pass that tax onto us anyway.

"
.

That's meant to be the whole point of competition, so that you can't just pass along every cost plus your giant slice added on!.

Of course that's pretty hard work running a business like that, much easier to just collude

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Says CO founder Steve Wozniak!.

"It's right and fair that they should pay tax at the 50% I pay, i think all companies should".

That makes a refreshing change

Yeah why not. Just add it to the cost of the phone. The gullible apple fans will generally more for less anyway .

Or just expect less profit maybe?

Apple are historically overpriced. It'll just filter down

I was thinking all companies that pay tax just pass that tax onto us anyway.

That's meant to be the whole point of competition, so that you can't just pass along every cost plus your giant slice added on!.

Of course that's pretty hard work running a business like that, much easier to just collude"

The big money makers (who would be contributing the most) are the same 10 companies who own everything branded. There's not really any competition about.

I was buying locally things i can but noticed half the stuff was branded anyway (which defeated the purpose of shopping locally).

So have started using ebay to buy everything i can for the cheap prices and to avoid brands. eg. i was going to primark for clothes, and local shoe zone for shoes, B&Ms or poundland for household stuff, now i get them on ebay.

Reply privately

Reply in forum

Reply +quote

By *obka3Couple
over a year ago

bournemouth

So going to primark etc is great for buying "cheap" crap produced by child/adult labour paid a pittance

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"So going to primark etc is great for buying "cheap" crap produced by child/adult labour paid a pittance "

it's why i wasn't happy using them and started buying off ebay.

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"So going to primark etc is great for buying "cheap" crap produced by child/adult labour paid a pittance

it's why i wasn't happy using them and started buying off ebay.

So it's ok because it's bought from eBay??

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"So going to primark etc is great for buying "cheap" crap produced by child/adult labour paid a pittance

it's why i wasn't happy using them and started buying off ebay.

So it's ok because it's bought from eBay??"

i'm not buying branded goods from ebay.

they're not labelled, and not the kind of stuff you'd see in brand shops round here either (which is good coz most of the fashionable items round here aren't my style).

Reply privately

Reply in forum

Reply +quote

Post new Message to Thread