The deductions I find avaialble for my personal income taxes were deliberatly written into law AS deduictions. I did not walk through an elabporate maze to build a house overseas, or hire a squad of lawers to create a way to expoit this "bug" in the tax code.
Where do you draw the line of what's acceptable tax-reduction methods and what isn't? If you have an investment property, sometimes it makes more sense to incorporate and put that investment property under that C-corp. You seem to be drawing a line between what's "acceptable" and what's "out of line". Not everyone agree with the line you've drawn.
If they took the time to figure out how to do what they have already done, it's not much of a stretch to imaginge that they are lobbying hard. They are, afterall, a money making machine.
Got it, guilty because...you can imagine it.
That's admitting it IS A PROBELM in Apple's own judgemnt and passing blame to Congress.
Congress *is* to blame. Taking advantage of a legal method of reducing your taxes instead of voluntarily paying more is *not* the problem. The problem is that those legal methods are there to begin with.
The collective total amount of money this 'loophole" has cost the governemnt is a lot.
Read what I said. If Apple alone were to voluntarily pay taxes on its overseas profits. That'd amount to about ~80B$. Or about how much money the DoD blows in 2 weeks. That doesn't solve anything.
The only way to actually make a dent is to make them, their competitors and all the other companies also pay more in taxes. That's kinda beyond Apple's abilities.
Ture. But they ARE a part of the problem... not the solution.
Have you written your congressman and senator about taxing royalties of foreign subsidiaries of US companies? No? Then you're part of the problem, not the solution.