“U.S. tech giant Apple isunder investigation in Milan for allegedly hiding more than 1billion euros ($1.34 billion) from the Italian taxman, ajudicial source with direct knowledge of the matter told Reuters, confirming a local media report,” Manuela D’Alessandro and Ilaria Polleschi report for Reuters.
“‘The Apple investigation is under way,’ the judicial source said on Wednesday, without giving details,” D’Alessandro and Polleschi report. “The maker of the iPhone is the latest prominent corporation to become the target of a tax probe in Italy amid a global crackdown on tax cheating by multinationals”
Read more in the full article here.
MacDailyNews Take: Governments sure do get desperate after they’ve spent themselves into oblivion, don’t they?
Tax avoidance is not tax evasion.
We pay all the taxes we owe – every single dollar. – Apple CEO Tim Cook, May 21, 2013
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Senators Levin, McCain say Ireland faces questions even as Apple tax loophole tightened – October 16, 2013
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U.S. SEC ends review of Apple taxes, overseas cash – October 5, 2013
Obama, world leaders push big companies like Apple, Google to pay more taxes – September 6, 2013
G20 think tank OECD proposes blueprint for global crackdown on tax avoidance – July 19, 2013
Apple again faces scrutiny after paying no UK corporate taxes for 2012 – July 1, 2013
Bloomberg News’ awful reporting on Apple’s U.S. corporate taxes – May 30, 2013
Thomas Sowell on Apple, corporate taxes, and ‘the road to serfdom’ – May 28, 2013
Former Senator Sununu: Congress wrote the tax laws, so why blame Apple for obeying them? – May 28, 2013
Taxing Apple just taxes you – May 24, 2013
Don’t tax Apple, tax its shareholders – May 24, 2013
If Apple paid more tax, we might pay less or something – May 22, 2013
Apple CEO Tim Cook pounds another nail into the Keynesian coffin – May 22, 2013
Apple CEO Cook makes no apology for company’s tax strategy – May 22, 2013
Apple CEO Tim Cook charms Capitol Hill – May 22, 2013
Rush Limbaugh: ‘High-tech lynching: Senate attempts to crucify Apple’ – May 21, 2013
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Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other. – Ronald Reagan
Funny how most big spending screamers live of government benefits and milk the government for every benefit they can think of, even though will never admit it .
Take away the government and more half the population will be up shit’s creek withouut a paddle…
Hey, it’s you.
Here’s the irony. Reagan was employed by the government far longer than he was employed as an actor.
Shakedown. Either patent trolls or governments want a piece of the action.
“The problem with socialism is that you eventually run out of other peoples’ money.” – Marge
The problem with communism is that it’s out of control with greed.
Big Correction:
The problem with capitalism is that it’s out of control with greed.
Let’s not confuse capitalism for what we now have which is crony capitalism.
With capitalism, everyone’s greed tends to keep the capitalists and consumers in equilibrium. With crony capitalism, government sides with certain “capitalists” and creates rules and regulations to put competitors at a disadvantage. Also, with crony capitalism, government looks the other way when its favored capitalists break the law. (I’m talking to you Eric Holder).
So, let’s not spend too much time bad mouthing capitalism, since that is not what we now have.
So is it permissible to add the same nuances to Communism and Socialism. Blame it on peoples flaws rather than the theories themselves?
“Business models that fly in the face of human nature are doomed to failure.” – MacDailyNews Take – 4/13/07
The same goes for governments and political theory.
You’re quoting MDN!!?
Dude, get some new writers.
BTW- What does happen when you take a testosterone supplement?
So you celebrate Capitalism because it celebrates greed and taking advantage of others for your own gain?
Perhaps you should enlighten me as to what the “take” means.
Clueless spaghetti benders.
I wouldn’t say clueless…more like evil. In 1492, Christopher Columbus came to what would be The Bahamas, and killed off all of the native Lucayans. Over the next few centuries, even more illegal immigrants from that nasty continent would come over here and mess up the Western Hemisphere. If only the Native Americans set up a fence on our borders and told you white devils to go home. If you are not of indigenous descent, then you can go back to wherever your ancestors came from, and leave us “savage”, “redskins” alone. If you hate us “injuns” so much, then take your white ass back to Eurotrash land. We don’t need, or want your kind on our glorious continent.
you can always go back to living in a tent with open sewers anytime ya’ want, Cochise.
Some of us already do. They are called “reservations” and your white leader Andrew Jackson invented them. Ever hear of the “Trail of Tears”. Yeah. We were fine before you guys came over.
enjoy your tent and dysentery…you’re gonna miss those head rights, free health care and monthly federal checks.
…oh yeah, and free personalized car tags with your tribe, but i guess you won’t need them for your horse.
…oh wait, you won’t be having a horse, those mean ol’ Europeans brought those over here too. Enjoy your long walk.
Does your mother know that you are such an ignoramus?
Mom told me to tell ya’ this:
A. American indians were nomads that lived in tents (ugh, we call ’em teepee.)
B. Dysentery was their #1 killer. (Mom said for you to look up the causes of dysentery.)
C. The Federal government provides all American indians who are citizens with free health care, enforcement of percentage of profits of all oil/gas income on land given to indians (head rights) and monthly tax-free stipends.
D. Free car tags emblazoned with their tribe’s logo!
E. Automobiles were invented by Europeans.
F. Horses were brought to the New World by the Spanish explorers.
G. Rico is a dumbass, bleeding heart jackass who has never possessed a library card.
Actually, spaghetti came from China. Marco Polo, on his many adventures in the East, brought back the dish that would eventually be spaghetti from China. The Chinese were eating noodles long before it became a staple of Italian cuisine. And tomato sauce wasn’t added until the 1500s because tomatoes were from the Americas, and Christopher Columbus’s discovery would have given both regions food from each area. That’s what you call the “Columbian Exchange”. It unfortunately brought things like slavery and death, but it was the first meeting of the New and Old Worlds.
uh, I hope you’re not implying there was no slavery in the New World before Columbus.
I wasn’t. I was simply implying that it would eventually lead to slavery brought upon by people in the rum and textiles trades. They would eventually get the slaves that they needed from areas such as Western Africa. All of this would then lead to Slavery in the Colonies. But nice attempt at twisting my words. My post was just an abridged piece of textbook history, for a short space. No political overtones here…
no one twisted your words, it was a simple question asking for clarification, which you answered with “I wasn’t.”
Columbus himself beat the Triangle traders to the slavery biz.
http://theoatmeal.com/comics/columbus_day
X You are a sad little person. Get well soon.
Looks like America isn’t the only country with a corrupt government. cough*obamacare*cough
Gee, Wayne, you think Obama cares (a beautiful pun) what you think. I bet you hope that a handful of rich white men decides your shabby little future and leaves your ability to adapt to a modern world crushed.
What’s amazing is that Italy took so long to add Apple to the list of, oh I don’t know, EVERYONE in Italy being investigated for tax fraud. Italy is so corrupt and back-asswards that it’s amazing they even have government employees who can find Apple’s address.
Many countries have these lucrative tax schemes. As the world catches up they will mostly disappear. It’s not workable any more. The US will have to justify its tax load on businesses as well or lose them.
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