How Apple Avoids Billions in Taxes

[@ryanmeier8994]

Worldwide tax should not be taxed, Apple is an effectively different company operating in those countries. A majority of that workforce is local work force and they do pay taxes to the local government. Samsung is based in South Korea, but they have separate business that pay taxes in the US. Same concept.

[@neloangelo__13]

Don't blame the players, blame the game.

[@uptin]

I can see your point..

[@ryanmeier8994]

Also I dont get all the hate on US companies when the US government spent 1 trillion on 1 military jet. Apple is a drop of water compared to the US government budget who could fix issues like supporting free public healthcare.

[@damianocrognali]

Great reportage. It’s good how u turn focusing this channel to tech and business analysis chronicles 😊

[@v.nicoara]

Maybe governments should first look on how the taxes are used before chasing companies. There are countries that function well with low taxes: Gulf Countries, Singapore, Hong Kong, Paraguay, Panama.

[@fromhigherground4272]

And IKEA says, “hold my beer”.

[@uptin]

Uh-oh..

[@anmonrahman5191]

It’s high time for OECD countries including USA public to know about and being serious on issues of taxes. It is said that after quantum mechanics tax code is the most complicated subject to understand. Tax codes have to be more flexible and public oriented rather than sector based subsidies. Flat tax for masses and giant corporations would be good. Then politicians have to be trialed for insider news and serving big donors.

[@Atem_S.]

They smart, they are playing by the rule... You may not like it but if you were at their level, you would do the same!

[@Sam-gs7yb]

The only problem with that is those same co./elites are the same ones that make the rules.

[@Atem_S.]

@Sam-gs7yb normal... If it was left to the mass, they would pay 99% taxes and literally finance their lifestyle while they barely do anything in return!

[@thecuriousorbit]

Either it's smart or crafty

[@fortyozfreedom3456]

Its no wonder the incoming US president wants to tariff imported goods. Most of those companies benefit from the US market without paying taxes. With an imposed tariff, it will be difficult for them to find loopholes.

[@syedfaheez69]

but they are paying taxes in the countries they sell though they are just avoiding double taxes

[@seanelias6478]

All legal no law is broken

[@TiagoLennertz]

You are asking the wrong questions. Look at how the USA treats US citizens living and earning overseas against how US corporations that have lives overseas (aka foreign corporations) are treated. Why does the US citizen have to file and pay taxes in the USA when they don't have any interaction with the USA directly and US corporations with foreign entities don't? As far as increasing the global tax revenue, if I saw governments actually doing good in the world at levels surpassing their wars (military, economic, covert, overt, et al) then I might agree that more money be directed to governments. I will not mention how wasteful and self-serving governments are in spending the other revenue that they collect. Until those issues are corrected, I say anything that reduces the resources at their disposal is for the greater good.

[@Zoom5-q5h]

Apple doesn't have to pay taxes .. It helps in recovering the dollar from other markets . is like another way for taxing the world ...(Countries do not want taxes to constitute more than 50% of the economy because it will be considered a socialist country)

[@sejembalm]

A simple solution to tax inequality would be to simplify the federal personal and corporate income tax system and get rid of nearly all exemptions, deductions and loopholes. For individuals, tax all forms of income at the same progressive rate (no special lower rates for hedge fund managers, trust fund babies, etc.). Add up all income (wages, capital gains, interest, etc.) and subtract the standard deduction where the first $40,000 earned for individuals or $80,000 for married couples is tax-free, but get rid of ALL other deductions except for deductions for dependent children, medical hardships, and the interest paid on student loans (not interest on mortgages as it makes renters subsidizing home owners, and the deduction on charitable donations encourages the funding of scam charities). Increase the top marginal tax rate to 60% on income over $700,000 per year, and tax hoarded wealth over $50 million at 3% per year. Have estate tax paid on inherited assets greater than $5 million per individual, using a progressive tax scale. Have corporate federal income taxes at 15% but also get rid of ALL deductions, loopholes and exemptions, and have a standard deduction for small businesses not controlled by larger corporations where the first $100,000 earned is tax-free.

[@KarthikBharathi]

Governments should be appraised on their performance each quarter just like employees if they want to stay in power so that their ridiculous spending is kept in check. Then, you won't need to go after every company's money.

[@jefri4176]

Luckily indonesia government is taking action and banning new iphone for now.

[@WilliamLi-nd4lz]

yea we all should be taking after Indonesia cuz its a wealthy, prosperous nation that is totally not a third world country. (IM BEING SARCASTIC)

[@Passque666]

@@WilliamLi-nd4lzwell, the per capita is indeed low but considering Indonesia’s huge population, even lower portion of people who can afford iphones will bring huge profits for Apple as compared to countries like Malaysia and Singapore etc.

[@NadidLinchestein]

@@WilliamLi-nd4lz -1 IQ Comment even if its sarcastic

[@neloangelo__13]

What does that have anything to do with the tax avoidance subject? Indonesia simply just wants investment from Apple, "hey wanna sell iPhone in our 300m people market? Spend 10b building factories in our country and you're good to go"

[@jefri4176]

@@neloangelo__13 apple want tax free for 50 years like what they got in Vietnam,Indonesia said no.

[@GoldenDra]

Corruption at its finest.

[@Falcon75926]

It’s genius

[@Aria-cd6dq]

The fact that we get free videos on KZbin by Uptin is truly a gift; keeping education and knowledge alive. 👏🙏🏻🤷

[@uptin]

Thank you for watching! 😊

[@ashis.sharma]

Private players will always be one step ahead because they will adopt to changes quickly but Governments will act slow and make the changes to law. By the time they change the law private players already has another way to save taxes.

[@uptin]

You got a good point there.. but how do you think Government should act with this issues?

[@kaylo-]

Apple should buy a small non EU country or island with a secure banking structure. They could rename it and register what they needed there.

[@alifputra9985]

dont forget that they want tax holiday

[@WANDERER0070]

Its a rich club and you aint in it/ 😂 quote George Carlin

[@itzhak.stern007]

Taxes are marxist thing. In a capitalistic country there must not be any taxes, literally 0% and the government should do the government's job. Pushing tax burden will ultimately hinder the national prosperity.

[@NadidLinchestein]

Ironic coming from an Israeli who lives off American Tax Dollars & Stealing other people's homes. Why? God gave me your home 4000 years ago

[@hegresaljubury7092]

a settler colonialist talking about national prosperity, the story writes itself

[@NadidLinchestein]

Funny coming from someone whose country lives off American tax dollars

[@c1ph3rpunk]

B-School course: “how to Tim Cook the books”. Side note: nearly every global corporation works this way. Here’s a thought, pass legislation that makes this impossible. Well, we all know why, the very people needed to pass that are being lobbied and supported by the ones that should be targeted. Captured much?

[@allen131965]

Can’t even be mad at apple tho

[@uptin]

Right

[@lukemars7726]

Last time I was this early, apple was still working on Macintosh 😅

[@uptin]

Yeah right haha

[@edmundvicencio8610]

first