that carl levin has on his iphone. but this is the same committee that in one breath is just horribly outraged at hiding the profits and then the next moment it s, love your products of the lo , love your company. whether it be someone on the street or someone in the senate, are they going to change their decision-making process because of this. frankly, i don t care that we re going to see this happens. and if you re not going to boycott a company over the way it treats, you re going to boycott the fact that they pay less in taxes? it s something every business tries to do. i think it will be a long time before you see sort of the tide of sentiment turn around. the tax issue is a relatively
every corporation that operates internationally now is looking at what apple has done and is seeing, oh, maybe we should the dime. . the company let s these falls snam. apple will say we re incorporated over here in ireland, and in ireland they tax based on where you re controlled by. apple said, we re controlled over in california. so they avoided taxes on $104 billion in profits over the last four years. an enormous amount. that s probably about $30 billion that could be coming back into the united states in terms of taxes. it is what apple did, as sneaky as it looks, is legal, right? it s absolutely legal. they took advantage of the fact that american law and irish law simply treat corporate earnings differently and they found this sort of gap between the two systems. what s remarkable is as
nations of t nations. one of the reasons the apple was interesting is because they were an american company. you see a company domiciled in the u.s. and not paying taxes on its foreign profits, people get concerned. but they re also glad those profits belong to an american company. you talk about the pride of the senators in a company like apple. it was on full display this week. take a look at this. i love apple. i m apple, i harassed my husband until he converted to a mac book. this brutal intellectual property which everybody that i know of applauds. what i really want to ask is why the hell i have to keep updating the apps on my iphone all the time. i like the yellow protector
avoiding to do taxes, and it s not subject to irish foundation, either, so they basically found this sort of sweet spot where there is no taxationier, and yet they re reporting all these profits over there. i don t know the law that well, but it seems to be awfully sneaky. i don t consider apple to be an irish company. they moved the intellectual capacity over to rights in ireland. 4% of their work foes, though, is only one percent of the commuter base. that s strart liartling to me. i don t consider them an italian business but that s where its business is. where it lowers itself tore tax rurnt as.
fair bring. they pay these out to shareholders. but when you pay your shareholders, the shareholders themselves are taxed. dividend from capitals and games is to look at those investors and to say, you know, we re taxing people. the people can t relocate themselves to ireland on paper. if you live in the is, we re subject to the ir. the corporate company stop, it s quite complicated. there is a reason why companies are all paying for they tircht rates. we do want kpds to be able to make profits and then we had a manufacturing company like them.