Friday, September 2, 2016

IS APPLE DODGING TAXES UN-AMERICAN?

Is it un-American for a business to dodge taxes while at the same time taking advantage of all the amenities the country provides?

Is it un-patriotic and un-American for an American business to take their money off-shore?

If so, then Apple is guilty on both counts.

For years, Washington lawmakers on both sides of the aisle have attacked big corporations for avoiding taxes by parking their profits overseas. Last week the European Union did something about it.

The European Union’s executive commission ordered Ireland to collect $14.5 billion in back taxes from Apple.

But rather than congratulate Europe for standing up to Apple, official Washington is outraged.

Republican House Speaker Paul Ryan calls it an “awful” decision. Democratic Senator Charles Schumer, who’s likely to become Senate Majority Leader next year, says it’s “a cheap money grab by the European Commission.” Republican Orrin Hatch, chairman of the Senate Finance Committee, accuses Europe of “targeting” American businesses. Democratic Senator Ron Wyden says it “undermines our tax treaties and paints a target on American firms in the eyes of foreign governments.”

P-l-e-a-s-e.
Standing up to Apple - NationofChange | Progressive Change Through Positive Action