EU to launch probe into Apple's Irish tax deal: report

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MalcolmTucker wrote:

The only questionable thing here is if Apple is intentionally using tax avoidance strategies.

In the past, companies and individuals move money offshore, to avoid paying taxes and also to shield themselves from liability and disclosure related to “questionable” investments or strategies.

A shareholder of Apple may desire additional insight to how their investment is being spent, however Apple is tight-lipped about many things. Disclosure often occurs in several ways- through the SEC, through PR letters and annoucements, and also through corporate events and demonstrations.

Apple very infrequently discloses how your investment is being handled. In fact, they apparently had a Hedge Fund managing it’s assets, called “Braeburn Capital”. Is this the type of way an electronics company should run?

In all, I believe the gift of an iPod given to Queen Elizabeth II was a mistake because no American knew that Apple had used such tax advoidance (possibly fraud) strategies.

If every US company used the same strategies, the US Government wouldn’t be able to function, and something has to be done about that.

Jun 10, 2014 7:01pm EDT  --  Report as abuse
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