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Posted

[quote]
[color=#333333][font=Helvetica, Arial, sans-serif]Apple CEO Tim Cook has reportedly been called to testify at Tuesday's Senate hearing on offshore profit shifting. The hearing is being conducted by the Permanent Subcommittee on Investigations, which has the authority to investigate things like federal waste, corporate crime, and offshore banking.[/font][/color]
[/quote]


[url="http://www.theverge.com/2013/5/15/4335168/tim-cook-testifying-senate-hearing-offshore-taxes"]http://www.theverge.com/2013/5/15/4335168/tim-cook-testifying-senate-hearing-offshore-taxes[/url]

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Posted

Half related: Google getting re-questioned by UK tax authorities on kinda similiar things, saw part of it earlier and the google guy from UK google was getting caught out but kept making up excuses.

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Posted

Anyone think that the Government (Especially in the UK taking a stand against all these company's) Especially now they are bankrupt and could do with all the extra tax funding!!

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Posted

[quote name='ChuckFinley' timestamp='1368703092' post='595692608']
Anyone think that the Government (Especially in the UK taking a stand against all these company's) Especially now they are bankrupt and could do with all the extra tax funding!!
[/quote]

Even if that were the case it'll do nothing to solve the overall mountain of debt that can ever be paid back!

Not that the tax should go unrecovered, of course it should, and all loopholes that they exploit should be closed.

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Posted

[quote name='ChuckFinley' timestamp='1368703092' post='595692608']
Anyone think that the Government (Especially in the UK taking a stand against all these company's) Especially now they are bankrupt and could do with all the extra tax funding!!
[/quote]

The UK is far from bankrupt.


The governments only doing something about it now because they have been telling everybody they are skint Obama did it to get votes just like Cameron now they need to be seen to crack down on tax evasion.

Companies are becoming increasingly concerned about social media and people's perception of them.

It is almost impossible to solve unless these companies agree just pay up something because you will not get every country in the world to agree.

Tax evasion to some countries is their only chance of income.

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Posted

[quote name='stevember' timestamp='1368705043' post='595692632']
It is almost impossible to solve unless these companies agree just pay up something because you will not get every country in the world to agree.

Tax evasion to some countries is their only chance of income.
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Easiest way to block this sort of thing is to block companies from holding their sales offices in countries outside of where they're doing their sales. Everyone knows that's just a dodge to avoid taxes.
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Posted

Yeah, just close the loopholes so companies can't do this.

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