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Apple Dodged $2.4 Billion In Taxes Last Year

TheYoungTurks TheYoungTurks·14,881 videos
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Published on May 19, 2012

Via ThinkProgress: "What Apple hasn't told Americans, though, is that an intricate financial set up utilizing low-tax states in the U.S. and offshore tax havens has allowed it to skirt billions of dollars in American taxes over the last decade. By setting up financial offices in states like Nevada — which has no income tax — and routing other profits through Ireland, Luxembourg, and nations in the Caribbean, Apple avoided an estimated $2.4 billion in American taxes in 2011 alone...".* The Young Turks host Cenk Uygur breaks it down.


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Top Comments

  • Feeltheh8

    I'll agree with that, I'd be for carefully tracked foreign aid that goes directly to school building and teacher training, I'm just saying, you can't give that money to a country even more corrupt than the U.S. and expect them to make a school with it.

    · 18

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    in reply to MaukkamusMaximus (Show the comment)
  • Feeltheh8

    You're retarded if you don't understand how the U.S. hands out food and aid in a natural disaster or famine. Yeah, the money the poor save from not buying food is really going to be misused, maybe they'll buy a TV with it, how bad would that be? Calm the FUCK down Rainbow Dash.

    · 4

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    in reply to TheSmackerlacker (Show the comment)

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  • MajorDickVaud

    No, we shouldn't do it because history tells us that the result is usually brutality, poverty and increased military use. Besides, our current system is not so broken that it cannot be fixed, but why would you be so eager to throw it out the window for a system that isn't even theoretical but imaginary, if a sociologist ever publishes a working theory of a communist democracy that has potential, i'll consider it, until then its just a fantasy and not worth the time

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    in reply to kirbyrocks6 (Show the comment)
  • kirbyrocks6

    So we shouldn't do it because we'd have to answer questions? Sounds like fear of progress to me. And on TYT videos, which is supposed to be at the forefront of progress.

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    in reply to MajorDickVaud (Show the comment)
  • MajorDickVaud

    Thats because it would raise too many questions that are incredibly hard to answer, how would the market system be removed, what happens to companies? How do we keep production going? Who is in power and on what grounds, how is space allocated, what schools do people attend? its a very difficult system to implement and keep up without coercive power or military might, human's just aren't at a level where we are driven to better ourselves, so we need motivators like, power, greed, fear...

    ·

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    in reply to kirbyrocks6 (Show the comment)
  • kirbyrocks6

    It's never been tried in a democratic society.

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    in reply to MajorDickVaud (Show the comment)
  • MajorDickVaud

    I like Communism, as an idea. In practice its been proven to be a horrible method. Unless humanity somehow goes trough some paradigm shift where we all stop being selfish and stop focusing on fear, then I don't see communism ever working.

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    in reply to kirbyrocks6 (Show the comment)
  • MajorDickVaud

    Im well aware of the other schools of thought, but all slightly deviate on Marx's original theory, however none provide a workable framework for a government structure that is not susceptible to serious corruption. And if you deviate from Marx, the challenges are so numerous that a communist society can't guarantee better or even equal quality of a capitalist one. Communism assumes every problem is based on financial equality, but it forgets values, religion, race, gender.

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    in reply to kirbyrocks6 (Show the comment)
  • kirbyrocks6

    Marxism isn't the only school of thought regarding communism, you know. Do some research. All of my own personal beliefs would be a bit much to fit into a single comment.

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    in reply to MajorDickVaud (Show the comment)
  • MajorDickVaud

    No but a communist system, is in essence the assumption of a utopia where people can realize their personal values. The problem is not the possibility, its the execution. If you don't ascribe to Marxism then how would your system of society work, how would you government function? What about your justice system or military capability?

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    in reply to kirbyrocks6 (Show the comment)
  • kirbyrocks6

    So you're just going to assume that I support everything Karl Marx supported?

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    in reply to MajorDickVaud (Show the comment)
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