The gov't had Apple in front of the wrong committee. Shouldn't have been a congressional investigation. It should've been a Grand Jury to indict Apple for tax evasion and breaking the law.
What's that you say? But, they didn't break any laws, only followed those put forth ?
Really, then why are we even discussing this.
And I find it laughable that a millionaire like Bloomberg (and what he stands for, in his media outlet) criticize Apple for simply following the law. I'd hope a millionaire (or is it billionaire) would do the same. That's how they get there in the first place.
Senate Slams Apple On Tax Avoidance [View article]
I for one find it laughable in a sad sort of way that Obama is being slammed (because he heads the gov't) for going after Apple to pay more taxes, when in fact it's Republican Senators leading the charge.
Loopholes allowed Apple (AAPL) to avoid $44B in U.S. taxes from 2009-2012, claims a Senate report released shortly after Apple's official statement. Though peers have also been accused of using offshore havens, the report argues Apple went further by creating a subsidiary (responsible for ~1/3 of profits from 2009-11) that used differences in U.S. and Irish law to have no residence whatsoever. Sen. Carl Levin calls this "the Holy Grail of tax avoidance." Also, while Apple claims $6B in FY12 federal tax payments, the report claims the real number is $2.4B if one backs out deferred payments on foreign cash (only paid if/when the cash is repatriated). [View news story]
Loopholes allowed Apple (AAPL) to avoid $44B in U.S. taxes from 2009-2012, claims a Senate report released shortly after Apple's official statement. Though peers have also been accused of using offshore havens, the report argues Apple went further by creating a subsidiary (responsible for ~1/3 of profits from 2009-11) that used differences in U.S. and Irish law to have no residence whatsoever. Sen. Carl Levin calls this "the Holy Grail of tax avoidance." Also, while Apple claims $6B in FY12 federal tax payments, the report claims the real number is $2.4B if one backs out deferred payments on foreign cash (only paid if/when the cash is repatriated). [View news story]
Corporations can't pay taxes, only people can.
If governments levy taxes on corporations, they pass it on in product costs; in order to make an acceptable return - all things, competitors being equal.
Apple (AAPL +1.9%) roundup: 1) Brian White cites Chinese 3G growth as a reason for his $888 PT: he points out China's 3G sub base rose 83% Y/Y in April to 293.1M, and is expected to hit 375M-400M by year's end. China Mobile (CHL - previous) had 120M 3G subs; China Unicom (CHU) had 92M, and China Telecom (CHA) 81M. 2) Taiwan's Economic Times reports Apple is testing 1.5" OLED displays for an iWatch, and that "market rumors" indicate Foxconn has received iWatch trial production orders. 3) Digitimes reports MacBook orders are expected to grow 20% Q/Q in Q2, as Apple launches new systems sporting Intel Haswell CPUs at June's WWDC conference. [View news story]
I suspect the fact that 8 is a good luck number in the Chinese culture has more to do with selecting $888 as his PT, than anything else
Apple (AAPL -2.5%) has dived over the last 30 minutes of trading on heavy volume, without any news to explain the move. The decline comes with the NASDAQ still up 0.5% on the day. [View news story]
GM Warrants - A Better Buy Than GM Common Stock [View article]
A couple of comments:
I believe warrants are a "best kept secret" I like them and have OC warrants; which while they expire this Oct 31/13, I anticipate a big payday.
Question: Why do you view a possible div announcement as a risk? While it's unfortunate the GM warrants don't have div protection, such an announcement would drive the stock and associated warrants up. I see that as a good thing, don't you?
Reflections On The Current State Of Apple [View article]
I am NOT looking forward to earnings, because I worry they will disappoint. They've really nothing going for them, not growth.
But they'll still make a ton of money, so I still hang on to my long shares but am fearful of selling covered calls, lest I be wrong about a poor earnings announcement and they shoot up.
Anyone else notice the premium on their options has shrunk considerably ?
Blackstone is talking to several tech companies (their names aren't given) about a possible joint bid for Dell (DELL), the WSJ reports. Sources claim any tech firm that participates would have a role in determining Dell's "strategic direction." The WSJ adds Blackstone has held several talks with Michael Dell about enlisting his support, but it "remains unclear" if the two sides will reach a deal. Shares +0.4% AH to $14.24. (earlier) [View news story]
Am I the only one that sees this whole Dell thing to be sorry little sad play (a hiisy fit no less) by the CEO (and major shareholder) ?
He's basically made it clear that "you ain't gettin' my votes, if'n I don't remain in charge:"
And how many of the endless possibilites are going to acccept that?
I mean really? You're going to invest a ton of money and then let him continue to be in charge ?
This whole (unnecessary) drama is getting so tiring
Apple: Probably Going To Remain Painful For The Average Investor [View article]
You didn't have to say it, you inferred it by visually presenting the charts (in sequence) and letting the reader/viewer draw their own conclusion -correct or incorrect
Quite similar to a conman's scheme, but I'm not saying you are one
Thoughts On Tim Cook's Testimony [View article]
What's that you say?
But, they didn't break any laws, only followed those put forth ?
Really, then why are we even discussing this.
And I find it laughable that a millionaire like Bloomberg (and what he stands for, in his media outlet) criticize Apple for simply following the law. I'd hope a millionaire (or is it billionaire) would do the same. That's how they get there in the first place.
Senate Slams Apple On Tax Avoidance [View article]
Senate Slams Apple On Tax Avoidance [View article]
"Good thing Apple isn't run by a Senator"
Loopholes allowed Apple (AAPL) to avoid $44B in U.S. taxes from 2009-2012, claims a Senate report released shortly after Apple's official statement. Though peers have also been accused of using offshore havens, the report argues Apple went further by creating a subsidiary (responsible for ~1/3 of profits from 2009-11) that used differences in U.S. and Irish law to have no residence whatsoever. Sen. Carl Levin calls this "the Holy Grail of tax avoidance." Also, while Apple claims $6B in FY12 federal tax payments, the report claims the real number is $2.4B if one backs out deferred payments on foreign cash (only paid if/when the cash is repatriated). [View news story]
"it's a good thing Apple isn't run by a Senator"
Senate Slams Apple On Tax Avoidance [View article]
And here I thought Republicans were all about reducing, if not eliminating tax.
TEA = taxed enough already
I guess it doesn't suit them this time, huh ?
Loopholes allowed Apple (AAPL) to avoid $44B in U.S. taxes from 2009-2012, claims a Senate report released shortly after Apple's official statement. Though peers have also been accused of using offshore havens, the report argues Apple went further by creating a subsidiary (responsible for ~1/3 of profits from 2009-11) that used differences in U.S. and Irish law to have no residence whatsoever. Sen. Carl Levin calls this "the Holy Grail of tax avoidance." Also, while Apple claims $6B in FY12 federal tax payments, the report claims the real number is $2.4B if one backs out deferred payments on foreign cash (only paid if/when the cash is repatriated). [View news story]
If governments levy taxes on corporations, they pass it on in product costs; in order to make an acceptable return - all things, competitors being equal.
Hence only people pay taxes.
Apple (AAPL +1.9%) roundup: 1) Brian White cites Chinese 3G growth as a reason for his $888 PT: he points out China's 3G sub base rose 83% Y/Y in April to 293.1M, and is expected to hit 375M-400M by year's end. China Mobile (CHL - previous) had 120M 3G subs; China Unicom (CHU) had 92M, and China Telecom (CHA) 81M. 2) Taiwan's Economic Times reports Apple is testing 1.5" OLED displays for an iWatch, and that "market rumors" indicate Foxconn has received iWatch trial production orders. 3) Digitimes reports MacBook orders are expected to grow 20% Q/Q in Q2, as Apple launches new systems sporting Intel Haswell CPUs at June's WWDC conference. [View news story]
Apple (AAPL -2.5%) has dived over the last 30 minutes of trading on heavy volume, without any news to explain the move. The decline comes with the NASDAQ still up 0.5% on the day. [View news story]
Payday is May 16
Is Apple Worth More Dead Than Alive? [View article]
Quote:
{Is Apple worth more dead than alive? According to our back of the envelope calculations, the answer is: "Almost." }
Boy am I ever glad I didn't wade through the article. Just glanced at sectional titles on my way to the conclusion.
GM Warrants - A Better Buy Than GM Common Stock [View article]
I believe warrants are a "best kept secret"
I like them and have OC warrants; which while they expire this Oct 31/13, I anticipate a big payday.
Question:
Why do you view a possible div announcement as a risk?
While it's unfortunate the GM warrants don't have div protection, such an announcement would drive the stock and associated warrants up. I see that as a good thing, don't you?
Reflections On The Current State Of Apple [View article]
But they'll still make a ton of money, so I still hang on to my long shares but am fearful of selling covered calls, lest I be wrong about a poor earnings announcement and they shoot up.
Anyone else notice the premium on their options has shrunk considerably ?
Blackstone is talking to several tech companies (their names aren't given) about a possible joint bid for Dell (DELL), the WSJ reports. Sources claim any tech firm that participates would have a role in determining Dell's "strategic direction." The WSJ adds Blackstone has held several talks with Michael Dell about enlisting his support, but it "remains unclear" if the two sides will reach a deal. Shares +0.4% AH to $14.24. (earlier) [View news story]
He's basically made it clear that "you ain't gettin' my votes, if'n I don't remain in charge:"
And how many of the endless possibilites are going to acccept that?
I mean really? You're going to invest a ton of money and then let him continue to be in charge ?
This whole (unnecessary) drama is getting so tiring
Apple: Probably Going To Remain Painful For The Average Investor [View article]
Quite similar to a conman's scheme, but I'm not saying you are one
Apple Has Become The Most Underrated Stock [View article]
What I guessed was both were Apple, but seen from 2 different perspectives.
Call me crazy, but I still think my thought is a good one, BTW
Apple: Probably Going To Remain Painful For The Average Investor [View article]
ignores profitability and PE's
The latter 3 didn't have it at their peaks and deservedly fell.
Apple does not
Not an apples to apples comparison
(pun intended)