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tgburns

tgburns
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  • 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]
    This is another good reason to eliminate the corporate income tax completely. Think of all the money and effort that could be redirected into something productive instead of companies trying to avoid and tax collectors trying to collect an almost insignificant source of revenue.
    May 21 12:51 AM | Likes Like |Link to Comment
  • Tesla's Car Financing - What I Think Happened [View article]
    Although I was happy to get $45.90 on Monday, I am even happier today.
    Apr 4 08:00 AM | Likes Like |Link to Comment
  • Tesla's Aggressive Financing: Revolutionary Or Shortsighted? [View article]
    I was happy to get $45.90 for my TSLA stock on Monday, but I am even happier today.
    Apr 4 05:36 AM | 1 Like Like |Link to Comment
  • Tesla's Car Financing - What I Think Happened [View article]
    I sold TSLA yesterday!
    Apr 3 01:53 AM | 3 Likes Like |Link to Comment
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