“Apple Inc.’s China branch has been fined 50,000 yuan ($7,595) as a company with ‘serious dishonest acts’ for suspected tax evasion, media reported,” Global Times reports.
“According to 21st Century Business Herald on Wednesday, the Beijing-based branch company was listed as ‘seriously dishonest’ by the Bureau of Statistics of Beijing in December 2015 along with three other companies,” Global Times reports. “The bureau said on its website that Apple’s branch company has made relatively big mistakes in its reports on its financial situation as well as on commodity purchases, sales and storage in 2014.”
“Specifically, wrong data was found in the current year value-added tax, staff salaries and annual commodity sales and the company was hence given a warning and fined 50,000 yuan, the newspaper reported, citing the bureau,” Global Times reports. “‘The mistake in value-added tax could possibly reflect Apple’s tax evasion,’ said National Business Daily (NBD), noting that it is yet unknown whether or not Apple’s branch company has evaded tax but tax authorities should not be relaxed in their supervision of this world-class company. In September 2015, Apple’s China branch was found to have paid 452 million yuan less in tax, the NBD reported.”
Read more in the full article here.
MacDailyNews Take: Poppycock.
Apple’s most egregious “crime?” The company’s adamant refusal to dole out kickbacks and other assorted bribes to anyone at any time.
And Chinese officials are not dishonest? Pot calling the Kettle black.
Somehow I suspect China’s rules and taxes are now no less complicated than the US for foreign entitites
7600 bucks? Uh oh, they’ll need a bond issue to cover that.
Apple probably earned 1000x that in the time it took to skim the article.
Crawling ant meet boot.
That’s probably in addition to what they do about the 452 million yuan in unpaid tax discovered.
Why so serious?
$7K, that’s going to break the bank.
Sounds Chinese officials learned their approach to punishing companies from the way the US Justice Department treats banks.
Some minor accountant’s mistake no doubt. Blow up because, well, it’s Apple. This would be business tax evasion practices as usual at Google and Samsung.
And yet, they impose no punishments for those who make fake crap (including copying Apple’s hardware and software) and sell it as the real thing. . .Backwards country.
China: Criminal Nation, accuses and finds guilty Apple for ‘serious dishonest acts’.
Let me save some space and simply write:
“Ha” x ∞
😆😅😂
And how typically imaginative of China:
Repeat the meme of Apple-As-Tax-Evader.
🙄
452 million Yuan is $72.5 Million. . . on $12.5 Billion in Chinese revenues. That’s a 0.6% of the amount of revenue in 2015. The fine is 1/1000 of the error.
Since this is a “value added” tax, it is most like a dispute about what portion of the products have actually been added and what value was added and where. It’s an accounting dispute.
China’s hypocrisy here is clear, but Cook’s hypocrisy in campaigning for “human rights” in America while ignoring the rights of Chinese people held under the yoke of communism is an absolute joke.
You chose a good name, one star. What is hypocritical of Cooke campaigning for human rights in his own country while at the same time paying the Foxconn workers who make Apple products more than they get paid for working in the same factories making similar products for other US and foreign companies? Especially since those workers are relatively well paid by the standards of their country and those jobs are sought after.
Do you honestly think Cooke is responsible for saving the entire world? Or do you maybe think that he’s doing more than most people to improve standards and conditions in places where he has some influence. And yes, that’s a rhetorical question.
And you chose the most comically inappropriate name possible my friend.
First of all, Cook’s name is not ‘Cooke’.
O_o
Secondly, companies employ people in communist countries because costs are so low. No other reason.
Third, where did I say anything about saving the whole world?
Communism is a blight and the West’s support of it is unconscionable.
The problem is you people are led around by the nose by the media.
Cook’s hypocrisy is (or should be) obvious here, but because he’s a homosexual and a leftist the media won’t call him on it.
So you don’t think it’s a big deal.
The successful campaign to brainwash people into thinking that homosexuals “marrying” each other is normal is couched in the euphemism “human rights.”
If Cook and his ilk were consistent they’d be decrying the communist regime in China which denies real actual human rights such as the right to vote and the right to have children.
What? Did the reference to homosexuality trip you up?
Look up any website on the topic of human reproduction, or go to the CDC website and look at the results of homosexual conduct. Or go to Africa.
This is just going to fly right over your head though isn’t it?
Of course it is.