chinthakayalaravi Posted May 21, 2013 Report Posted May 21, 2013 [b]Washington[/b][color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]: Apple, the top US computer and smart phone manufacturer, used a complex web of offshore entities to avoid billions in taxes, a Senate panel has alleged.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]The electronics giant's rootless subsidiaries had just one purpose: to funnel much of the company's global profits and dodge billions of dollars in US tax obligations, according to the report by the Permanent Subcommittee on Investigations.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]One of Apple's Irish affiliates reported profits of $30 billion between 2009 and 2012, but because it did not technically belong to any country, it paid no taxes to any government. Another paid a tax rate of 0.05 per cent in 2011 on $22 billion in earnings, according to the report.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]The panel said that Apple exploited the gap between the two nations, the US and Ireland, through three of its subsidiaries the company claims are not tax resident in any nation, to avoid paying taxes.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]"Exploiting the gap between the two nations' tax laws, Apple Operations International has not filed an income tax return in either country, or any other country, for the past five years. From 2009 to 2012, it reported income totalling $30 billion," the Senate panel said.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]The report found Apple's three subsidiaries had no official tax residence, which made them pay little or no taxes.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]"Apple's claim that three key offshore companies are not tax residents of Ireland, where they are incorporated, or of the US, where Apple executives manage and control the companies. One of those Irish subsidiaries has paid no income taxes to any national tax authority for the past five years," it said.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]"Apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven. Apple sought the Holy Grail of tax avoidance," Senator Carl Levin said.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]"It has created offshore entities holding tens of billions of dollars, while claiming to be tax resident nowhere," he alleged.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]The bipartisan Senate panel alleged in its report that Apple is using a so-called cost sharing agreement to transfer valuable intellectual property assets offshore and shift the resulting profits to a tax haven jurisdiction.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]It alleged that Apple is taking advantage of weaknesses and loopholes in tax law and regulations to "disregard" offshore subsidiaries for tax purposes, shielding billions of dollars in income that could otherwise be taxable in the US.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]The Senate panel alleged that Apple is negotiating a tax rate of less than 2 per cent with the government of Ireland - significantly lower than that nation's 12 per cent statutory rate - and using Ireland as the base for its extensive network of offshore subsidiaries.[/background][/font][/color] [color=#333333][font=Arial, Helvetica, sans-serif][background=rgb(228, 232, 232)]"Apple claims to be the largest US corporate taxpayer, but by sheer size and scale, it is also among America's largest tax avoiders," said John McCain said.[/background][/font][/color]
chinthakayalaravi Posted May 21, 2013 Author Report Posted May 21, 2013 Intha danike Jaffa Jagan ni jail lo pettesthara..
Mustodi_2ndsetup Posted May 21, 2013 Report Posted May 21, 2013 calling burberry [img]http://i.imgflip.com/pe3n.gif[/img]
Speed2 Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Giants' timestamp='1369151473' post='1303779442'] calling burberry [img]http://i.imgflip.com/pe3n.gif[/img] [/quote] calling gajjiberry anu, parugethukuntu vasthadi [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img]
Mustodi_2ndsetup Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Speed2' timestamp='1369151666' post='1303779451'] calling gajjiberry anu, parugethukuntu vasthadi [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] [/quote] u know m not gajji fan anta rofl [img]http://i48.tinypic.com/25jyqes.gif[/img]
Speed2 Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Giants' timestamp='1369151981' post='1303779471'] u know m not gajji fan anta rofl [img]http://i48.tinypic.com/25jyqes.gif[/img] [/quote] inka aa konda vp ganiki fans ante vallu guarantee ga vani samajika vargam matrame [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img]
Mustodi_2ndsetup Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Speed2' timestamp='1369152075' post='1303779481'] inka aa konda vp ganiki fans ante vallu guarantee ga vani samajika vargam matrame [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] [/quote] doubt aa neku [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img]
Speed2 Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Giants' timestamp='1369152127' post='1303779485'] doubt aa neku [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] [/quote] malli no man i am just counting it anta [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] vaadu vadi pichi [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] ippudu em peekaleka report button nokkuthadu chudu [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img]
Mustodi_2ndsetup Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Speed2' timestamp='1369152228' post='1303779490'] malli no man i am just counting it anta [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] vaadu vadi pichi [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] ippudu em peekaleka report button nokkuthadu chudu [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] [/quote] [img]http://i48.tinypic.com/25jyqes.gif[/img] expected ega anduke mana inventory maintain chestunam kadha
sillynivas Posted May 21, 2013 Report Posted May 21, 2013 Apple is merely into IT gadgets where as Jag's companies spanned across media,manufacturing ,politics,mining and every other flavour of business in the name of "quid pro quo"
Speed2 Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Giants' timestamp='1369152304' post='1303779495'] [img]http://i48.tinypic.com/25jyqes.gif[/img] expected ega anduke mana inventory maintain chestunam kadha [/quote] edo sadhincha ani feel avuthadu kada [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img]
Mustodi_2ndsetup Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Speed2' timestamp='1369152394' post='1303779500'] edo sadhincha ani feel avuthadu kada [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] [/quote] [img]http://i48.tinypic.com/25jyqes.gif[/img] morige kukalu karavvu ani sametha vundhi
Speed2 Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Giants' timestamp='1369152486' post='1303779507'] [img]http://i48.tinypic.com/25jyqes.gif[/img] morige kukalu karavvu ani sametha vundhi [/quote] ante veedu pichi kukka fan kada [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img]
Mustodi_2ndsetup Posted May 21, 2013 Report Posted May 21, 2013 [quote name='Speed2' timestamp='1369152564' post='1303779510'] ante veedu pichi kukka fan kada [img]http://3.bp.blogspot.com/-tkaCHS80Z9Q/UZexbnBlmiI/AAAAAAAAFRw/v0QN-4X0__c/s1600/chiru1.gif[/img] [/quote] [img]http://i48.tinypic.com/25jyqes.gif[/img]
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