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View Diary: Is Apple about to pull off one of the largest tax dodges in history? (64 comments)

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  •  That's just silly. Absurd. (9+ / 0-)

    It's ridiculous to say that ANY taxpayer should pay more in taxes than they legally are obligated to pay.   Nobody "should" pay more in taxes than the law says they have to.  Not you, not me, not the neighborhood bar, not Apple.  

    Tax law is not about paying some amount that somebody else thinks is "moral" or "ethical."  You, or I, don't get to decide how much somebody else "should" pay if they want to be "moral" or "ethical."  Paying taxes is about complying with the law, nothing more and nothing less. There's nothing "immoral" or "unethical" about paying what the law says you have to pay.  And there's nothing "immoral" or "unethical" about taking a deduction that the law says you are entitled to take.  

    In fact, if anything, it would be unethical for the officers of Apple to have the company pay more in taxes than they legally owe.  After all, they have a fiduciary duty to the owners of that company -- the shareholders -- to maximize the return on shareholder investment.  Any officer of a company who said, well, we can legally structure our business according to method "A," but if we do method "B," we'll owe billions more in taxes, so let's do method "B" -- that officer would be violating his/her fiduciary duty to the shareholders.  That's not only unethical, he/she can get sued for that.  

    •  Fiduciary duty to shareholders (1+ / 0-)
      Recommended by:

      is not at the top of the morality pyramid.  At least not as expounded in the religious and non-religious ethical arguments I'm familiar with.

      "And now we know that government by organized money is just as dangerous as government by organized mob." -- FDR

      by Mogolori on Wed Apr 24, 2013 at 11:38:22 AM PDT

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      •  Taxes have nothing to do with morality. (5+ / 0-)
        Recommended by:
        cfm, johnny wurster, erush1345, VClib, nextstep

        Taxes are all about legality -- nothing more.  

        Technomancer said "moral" and "ethical."  "Morality" plays no role in taxes, unless you violate the law. Then, violating the law is "immoral."  As for ethics, there's nothing unethical about paying the least amount of taxes you are legally obligated to pay.  In fact, it's probably unethical -- i.e., a violation of your fiduciary duty to shareholders -- to pay MORE in taxes than the company legally owes.

      •  Mogolori - but it is at the top of the fiduciary (0+ / 0-)

        duty pyramid to the owners of the business, the shareholders. The officers and directors of Apple have a duty to minimize the payment of taxes worldwide. It the officers and directors of Apple are not committed to that goal they will resign or be terminated.

        "let's talk about that"

        by VClib on Wed Apr 24, 2013 at 08:59:38 PM PDT

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    •  Get real, coffeetalk! (2+ / 0-)
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      terabytes, sturunner

      Who wrote the tax rules with all these exploitable, corporate loopholes??? Oh, right, the congress critters that are bought lock, stock and barrel with corporate money.

      What about the climate cliff?

      by wayoutinthestix on Wed Apr 24, 2013 at 07:09:54 PM PDT

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