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| Apple CEO Tim Cook swearing to tell Congress only legally-vetted whoppers |
Ms. Powell Jobs has a net worth of about $11.5 billion, according to Bloomberg. Her husband, the Apple co-founder, wasn't a big philanthropist. ...
It was through her work at College Track that Powell Jobs got on the track to immigration reform. Some of the students in California in the program came into the US at a young age illegally. Now, as high school graduates, they are ineligible for state or federal college assistance. And that has led Powell Jobs to take a more public and active stance on the immigration.
One might think that Ms. Powell Jobs could use some of the $11.5 billion she inherited to aid the Dreamers, but it's so much more cost-effective to invest in Immigration Reform, which will also increase her net worth by driving down the pay of Apple employees and thus increasing Apple's profits.
And Apple needs to pay its engineers less because tax-avoidance lawyers don't come cheap:
J. Richard Harvey Jr., a professor at Villanova Law School, estimated that Apple’s legal maneuvering had saved the company $7.7 billion in potential American taxes in 2011. ...
For example, he noted, about two-thirds of Apple’s global pretax income in 2011 was recorded in Ireland, yet only 4 percent of its employees and 1 percent of its customers were located there.
Apple negotiated a 2% income tax rate with the Irish government, but has also managed to concoct theoretically profit-garnering entities that legally don't reside in any country at all.
While Apple has repeatedly insisted it does not engage in “tax gimmicks,” Mr. Harvey was unswayed.
“Apple does not use tax gimmicks?” he said rhetorically. “I about fell off my chair when I read that.”
How can Ms. Powell Jobs afford to lobby for more subsidies for the children of illegal immigrants if Apple has to pay the market rate for American engineers?
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34 comments:
http://www.chicagomag.com/Chicago-Magazine/June-2013/How-Chicago-Became-the-Undisputed-Star-of-the-Midwest/
Wasn't there some place in "The Jungle" in which the rich factory owners' wives "helped out" during one of the strikes or lockouts by ministering to the needs of the poor oppressed strikebreakers?
The IRS has an international tax division which is supposed to stop companies like Apple from doing what they are doing. Obviously they need to be doing a better job. The Republican response will be: let's cut their budget some more. Because, you know, the IRS are mean and nasty people who target conservatives.
You can add Steve Case, who was stupid enough to put AOL into the financial ditch, is also supporting the increase of low paid tech trained immigrants.
It is amazing how many of the elites operate from the POV is that Americans are too lazy to do manual labor and too stupid to do any IT or technical work.
passing immigration reform is the least we can do for a jobs-creator like ms....jobs....
The diversity in the workplace agenda is mainly pushed by people with the following selfish motives:
- Democrats doing favors for minorities in return for votes, 20%
- Employers seeking to suppress wages, 25%
- Money printers fearful of inflation seeking to suppress wages, 35%
- Leftists with an anti-white agenda, 15%
- People with actual concern for members of minority groups, 5%.
The open borders agenda is being pushed by people with similar selfish objectives.
We have to keep attacking the plutocrats and money printers whose wage-suppression agenda is disguised by a fake concern for minorities.
A headline like this is one of the reasons I keep coming back.
The IRS has an international tax division which is supposed to stop companies like Apple from doing what they are doing. Obviously they need to be doing a better job. The Republican response will be: let's cut their budget some more. Because, you know, the IRS are mean and nasty people who target conservatives.
Yeah, Apple doesn't pay any taxes because the IRS budget isn't big enough. Sure.
Given that the Federal tax code is 73,954 pages, more power to Apple for deciphering that mess. And the less money in D.C., the better. From what I've read, the company hasn't broken the law.
Powell Jobs, however, is a different story....
Off-topic, Steve what's your take on the ongoing riots in Sweden?
http://www.aljazeera.com/news/europe/2013/05/2013521234814665777.html
http://www.dailymail.co.uk/news/article-2328952/Sweden-riots-Stockholm-burns-rioters-battle-police-days-violence-immigrant-ghetto.html
Oh those "youths", at it again!
Steve, would love to see a post on the rioting "youths" (lulz) in Sweden:
http://www.dailymail.co.uk/news/article-2328952/Sweden-riots-Stockholm-burns-rioters-battle-police-days-violence-immigrant-ghetto.html
http://www.aljazeera.com/news/europe/2013/05/2013521234814665777.html
Today, tech billionaires are staging a "virtual march on Washington". On Twitter, Mark Krikorian suggested calling it the "Million Billionaire March": tweet.
Meanwhile, in barbaric Scandinavia...
http://yle.fi/uutiset/tax_badges_may_be_introduced_for_cleaners_too/6652943
Off topic:
VP Biden gave a speech in which he credits Jewish control of Hollywood and the courts with normalizing gay marriage and with fundamentally changing America.
http://www.politico.com/politico44/2013/05/biden-jewish-heritage-is-american-heritage-164525.html
http://nymag.com/daily/intelligencer/2013/05/biden-praises-jews-goes-too-far.html
It is amazing how many of the elites operate from the POV is that Americans are too lazy to do manual labor and too stupid to do any IT or technical work.
Yes, their open contempt for their fellow citizens is amazing. Unfortunately, it's not just the elites; that attitude has filtered down. As I said in another thread, I know American programmers who sneer about how American kids are too lazy and pampered to do the part-time farm work they did when they were kids; and I know farmers who would say American programmers are overpaid and under-trained and deserve to be replaced. We increasingly seem to be dividing into groups that have no respect for each other.
Steve,
OT but here are some pleasant stories from the Old Country. Hey, it worked out swell for America!
http://www.bbc.co.uk/news/world-europe-22622909
http://www.telegraph.co.uk/news/uknews/crime/10074029/Shootings-and-machete-attack-in-south-east-London-live.html
The correct Federal income tax rate for any American corporation or business is zero.
Nothing new really, it has been age old practice to seek profit with any means; colonialism with immigration of productive cheap labor. Feudal lords replacing non-productive, expensive, troublemaker subjects with obedient, cheap, produtive ones.
Today, profit seeking capitalism is not much different from the past. Loyalty to your tribes (ethnicentrism, tribalism, racism,ect) only works for poor people or trible people, not for the lords or upper classes. It is poor people helping each other based on kinship.
For poor people, nazism is the best, communism is second. But ruling elites will not tolerate any socialism which will harm their profit.
strange that these types of tax scams, er, plannings only apply to fictions of the state, corporations and not living people. imagine if joe the plummer booked sales to a berbuda corp for secret plumber mojo tech and then paid no taxes in his us domicile. libertardians love the corps as holy of holies, but actual living people, not so much. corps are peepols too they'll cry and they fight each other to curry favor in the hope of a complementary reach around.
Apple would be irresponsible to do otherwise. They have a financial duty to their shareholders. Blame U.S. tax law = Congress.
Conservatives supported the free trade/open borders globalists.
They reap what they sow.
Cook should just flash his I-am-gay card.
It's like the get-out-of-jail card in Monopoly.
Btw, government bailed out Wall Street crooks. Who is it to complain?
Steve,
Good post! This has been going on for the past forty years...and people are still scratching their heads and wondering how the US ever got into this mess.
Its a class thing and White upper class women are the worst. Jobs widow like Gates harpy harridan wife likely HATES HATES HATES all the White beta male lower class guys and wants urgently to drive them to extinction. Funny, I don't recall Bill Gates giving a damn about social activism and status climbing (other than MS domination everywhere) before he got married. The Gates Foundation, his wife's pet project, does not award scholarships to White kids. Only those "of color."
Today two screaming lunatics, African, beheaded a White British soldier in London and encouraged bystanders to take pictures and video while screaming "Allahu Akbar!" and warning that British people will never be safe.
Elite, upper class White women are mostly fine with that. If they don't secretly applaud it. Women despise mostly intelligence, deferred behavior, cooperation, and non violence in men. They punish it whenever they can. I am not surprised that Gates, Jobs' widow, etc. are punishing the lower level avatars of their husbands. No doubt they'd prefer a Chris Brown. At least Rihanna, satisfied with her guy, doesn't push to punish lesser xeroxes of her guy.
>It is amazing how many of the elites operate from the POV is that Americans are too lazy to do manual labor and too stupid to do any IT or technical work.<
To the extent that the American worker is not a slave, the elites feel nothing but contempt for him or her. Their real problem is with the Thirteenth Amendment to the Constitution; it is their ultimate target (though this is still unacknowledged).
They won't back off until they get the Marie Antoinette treatment and most of their property is destroyed. This is just how they are.
You just won "Headline of the Week" over at Ex-Army for this.
http://ex-army.blogspot.com/2013/05/headline-of-week.html
Philanthropy: more jobs for the members of the 'creative' class that don't wanna work in business or have no aptitude for that stuff.
Fund some foundation where 'smart' people gather to discuss important issues and formulate some plan to fix the problem without really fixing the problem.
But for rich folks, I suppose it's better to 'bribe' such people to do 'important' work than to have them snap at you for being too rich.
I don't see too many leftists yapping at Soros or Buffet.
It's amazing. This booking of profits in a low-tax jurisdiction has been known for at least 10 years. Congress sure is slow on the uptake.
Of course, corporations pay taxes on profits. individuals pay taxes on their gross.
The Jobs Estate (Laurene) own way more of Disney than Apple.
My wife, who used to work for a large internationally known non-profit, told me of a moderately sizable pledge to that organization made on behalf of a facility in the poorest neighboring community to Ms. Jobs. This facility serves a large latino community. Ms. Jobs then reneged on the pledge.
Good for them. They shouldn't pay a dime more than they are legally obligated to pay, and "tax gimmicks" is a stupid-person phrase for "obeying the law."
"Good for them. They shouldn't pay a dime more than they are legally obligated to pay,"
Let's close the loopholes then.
The corporations say they don't pay taxes, but they sure try hard to lower the taxes they don't pay.
If corporations don't pay taxes,why don't they just say ok raise my taxes and act like they are good citizens, when all along they know they aren't paying them.
The point isn't that they should pay more taxes. I don't want anyone giving this government more money to spend. The point is that they're lying hypocrites.
When it comes to immigration and outsourcing, they claim wages are the last thing on their mind. "Oh no, we didn't open that call center in Bangladesh and close the one in Des Moines to save money. We did it because the Bangladeshi are really awesome at answering tech support questions in English. Some people say their accents are hard to understand, but those people are obviously racists. Besides, the people in Des Moines just wouldn't work for us anymore. We posted ads offering a whole nickel over minimum wage and all the coffee breaks the government requires, but they just wouldn't show up. Obviously they're all lazy. What, you say the Bangladeshi will work for three bags of peanuts a day? Gosh, we had no idea about that; we were just after quality workers."
So it's not about money at all; you're a hater for even suggesting that. But when it comes to taxes, they'll pay teams of accountants and attorneys to find all the loopholes they can to eliminate every possible dollar of taxes.
Again, good for them; wish I could do the same. But don't do that and then expect us to believe that your lust for foreign workers is about anything but money too.
Its a class thing and White upper class women are the worst.
It's an ethnic thing and Jews are the worst. I mean, if we're pointing fingers, let's be honest; Jews are America's biggest immivasion cheerleaders, especially in terms of money (Steven Steinlight acknowledges this). They do this throughout the west; Jews in Europe team up with Muslims against the natives who try to prevent the Muslims from building mosques, for example. Jews in America worked harder than anyone to open America's immigration floodgates after the moratorium in 1923, and they finally got it done in 1965 (Kevin MacDonald has an extensive piece on this, Jewish Involvement in Shaping American Immigration Policy, 1881-1965: A Historical Review. David Gelbaum gave the Sierra Club $100 million dollars to plead the fifth on immigration and its effects on the environment. Jews are the vanguard of the pseudo-intellectual movements to obscure the facts about race, pathologize nationalism, etc. (Frankfurt School). Jews control the media (Ben Stein, others), which plays the tune the culture dances to. Something like 60% of the money going into Democrat presidential coffers comes from Jews, and something like 40% of the Republican presidential money is Jewish, too (the stats are online). What'd we come up with, here at iSteve recently? The Forbes 400 is at least 30% Jewish, something like that? Plutocrats are nothing if not immigration-happy.
Mark Zuckerberg is leading a cabal of immivasion-boosting plutocrats in its cynical left-right two-pronged attack to dupe Americans into legalizing ten million+ (emphasis on the +) 90 IQ Mexican criminal infiltrators so they can put their stubby brown fingers into American taxpayers' wallets.
Age of Treason, TANSTAAFL's blog, and the Occidental Observer have scads of detail on this stuff.
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