Rand Paul: Apple Deserves Apology From U.S. Gov't [video]

http://www.bloomberg.com/video/paul-apple-deserves-apology-from-u-s-gov-t-F1tGWOowSvqtcr2bj1Fd9g.html

by hkmurakami • 13 years ago

21 3 13 years ago

DrJosiah• 13 years ago

Ahh yes, the "job creator" myth of low taxes. http://www.youtube.com/watch?v=CKCvf8E7V1g

rrc• 13 years ago

I agree with Rand. It's the duty of the CEO and other executives at any company to maximize return on investment for their shareholders. If Apple executives were to voluntarily increase their tax payments - thereby decreasing profits - they would not be properly executing their office and duties. This is especially true when their competitors choose to maintain the legal advantage.

The entire hearing is a farce and should have been reversed: citizens of the US grilling legislators about why they implemented tax laws so poorly that exploitation of loopholes is common practice. I think many of us have suspicions as to why this is the case.

pstuart• 13 years ago

And then later on they ask for a Tax Holiday to repatriate the funds. All perfectly legal, right?

Why are tax laws implemented so poorly? Could it be because companies like Apple have pressured for thge congress for a shitpile of loopholes?

Rand Paul: Apple Deserves Apology From U.S. Gov't [video]

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