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cross pond high tech
light views on high tech in both Europe and US
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How Apple Avoids Paying $17 Million In Taxes Every Day

How Apple Avoids Paying $17 Million In Taxes Every Day | cross pond high tech | Scoop.it

The report published by the Permanent Subcommittee on Investigations detailing Apple's strategies is a great read on its own.

The report gives an inside look on Apple's absolutely genius tax avoidance strategies. 

Apple uses a variety of offshore structures and arrangements to shift billions of dollars from the United States to Ireland.

The U.S. corporate tax rate is 35%, while Apple said it has negotiated a special corporate tax rate in Ireland of less than 2%*.

(The 2% rate statement has proven controversial, see below for details)

Apple has found the secret to not paying taxes. You just avoid taxes by not declaring a tax residency for the company that oversees the entirety of your international income.

Philippe J DEWOST's insight:

Fascinating yet weird... Apple avoids paying more in taxes, every day, than Tumblr can hope to make all year!

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How Apple, Amazon & Google Make So Much Money

How Apple, Amazon & Google Make So Much Money | cross pond high tech | Scoop.it

Lots of chatter about "the Apple Tax" these days including @gassee 's excellent Monday Note; here is the other side of the Apple Tax...

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A "sex vs money" look at French Entrepreneurs Revolt

A "sex vs money" look at French Entrepreneurs Revolt | cross pond high tech | Scoop.it
Interesting cross-pond analysis of the "pigeons revolt" by Jean-Louis who writes that "Considering sex and money, Americans and French cultures exhibit truly polar opposite behaviors. The French see nothing wrong with a President having a wife, a mistress and a love child, they revel in sexual and often sexist jokes. But, if you ask someone how much they paid for their apartment, they’ll react as if you’d touched them in boundary-breaking ways. Conversely, they perceive us Americans as demonizing sex — think a past President and his “oral” office — while being obscene with money."
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