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Sun May 26, 2013, 04:29 PM

About That Apple Tax Dodge [View all]


from the Working Life blog:

About That Apple Tax Dodge
Posted on 24 May 2013.

When I wrote about Appleís tax dodge, some people responded, and I saw other similar comments, that Apple was just doing what was legal and you canít fault a company for taking advantage of the tax code. Which sort of missed the point.

I think the good folks at the Citizens for Tax Justice have it right:

First, our corporate tax system is failing to do its job of taxing corporate profits. Second, virtually no one in America can understand this until someone explains how individual corporations are dodging their taxes. Third, the corporations themselves will, quite naturally, lobby Congress to defend and even expand the loopholes that facilitate their tax dodging.

And, even better:

The truth is that corporations like Apple lobby for as many tax loopholes and breaks as they can get. We may see them as morally culpable. Or we may think itís natural for people to ask for the very best deal they can get ó just as children naturally argue for the latest bedtime possible and the largest quantity of ice cream possible.

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