|
|
Post by Admin on Nov 12, 2017 1:23:12 GMT
Chase is the administrator this week  |
|
|
|
Post by Wolinski on Nov 12, 2017 21:55:23 GMT
|
|
|
|
Post by Alex Aspinall on Nov 14, 2017 0:41:11 GMT
The papers do more than just bring attention to businesses and private entities putting their own money where they please, it brings attention to the fact that they feel the need to jump through hoops just to avoid frivolous taxes just to keep their well earned money from being needlessly swiped away in the interest of those who have nothing to do with them. Frankly its surprising the government keeps uncovering deeper and more shrouded havens, as if there were some sort of organization specifically hunting for burred treasure, or "golden Geese". It would seem that a multinational company should have to pay the tax for conducting business in every nation it conducts business. Apple isn't doing anything anyone else isn't, forcing a business to give up money for exploiting a loophole the tax collectors left is hardly fair, and what some would consider theft.
|
|
|
|
Post by Derek on Nov 15, 2017 3:13:01 GMT
It is hard to get mad at Apple if you put yourself in their shoes. I think it was a genius idea it saves money for the company. At the same time it is also scary because what does the future ahold with a company making so much money. I don't think Apple should have to pay any money back. If they can store mo yeah overseas like they already did then they should be aloud to do it. If it is so frowned upon then why were they not already monitored closely for this in the first place. In the BBC.com article the Apple CEO says "we pay all taxes we owe, every single dollar". This is true if Apple pays the amount required then I do not see how this is wrong. It is only a smart move to save more money. Anytime you go shopping and you have the chance to save money are you going to do it? I think yes. It is obvious that this is just a smart business move tha we would all make if we were in charge of handling a business. If if you were in Apples shoes would you make the move to find loopholes in the tax system to pay less and save more?  |
|
|
|
Post by Autumn Painter on Nov 15, 2017 3:31:10 GMT
The use of offshore accounts for avoiding taxes is simply an act of greed and is not right. Although, I didn’t expect anything different from these officials and huge corporations. The clever use of tax havens in a way, reminded me of a sale at a store. Say a product is buy one get one 50% off. If you have two items; say $30 and $10, you have to pay for the one that is the most expensive and you get the cheaper one 50% off. You can’t get the $30 item for $15, you have to pay the full $30 and only get 50% off of the $10 item. In this case, it’s like huge corporations getting the deal of the cheaper item. Although it is wrong, we can't target just one corporation, or one official. There are many that have found the loophole and are taking advantage and avoiding the high tax that they should be paying. People like to play the blame game, but in reality, the one’s blaming are probably just as bad. We as people spend so much time worrying about what everyone else is doing instead of creating ways to better ourselves in a positive way. We just need to come to the realization that the world is a place of greed, and we are going to be walked on. It is how we grow, develop, and learn from those experiences that matter most. A majority of people do things out of selfishness for their own personal gain. So are you really surprised about big corporations avoiding taxes? We just haven’t played the blame game sooner because their was no evidence, until the Paradise Papers. Most of the time we overlook where things are coming from and just focus on the product. We could have guessed they got away with it, but since the paradise papers were released, it just gives people something to talk about and point the finger at others. If you don’t like a problem, attempt to fix it. If there is no attempt to fix the issue, then there is no right to complain. Do you think Apple’s exposure will lead to an impact on sales due to unhappy customers? Or will customers still feed into their products and overlook this issue? Do you think there will be some sort of legislation made to prevent the tax haven loophole?
|
|
|
|
Post by Autumn Painter on Nov 15, 2017 3:40:03 GMT
@derek
I agree, finding this loophole was a very smart move. Nowadays, its seems like everything is about money; so why not find a way to save money? Although Apple is reaping the benefits, does this effect anyone in a negative way?
|
|
|
|
Post by Nick Newman on Nov 15, 2017 5:38:36 GMT
After reading the articles, I can understand why these certain rich people are using these paradise papers to exploit their current tax system to save their money. This is not morally right and is an example of a perverse incentive. For example, Apple is one of the highest tax paying nation in the world. The tax rate for them in America is about 55% of its current revenue. Why pay that when you can get it for as low as 3% in Ireland or 0% on a island called Jersey. I think we can relate to what Apple is doing but on a much smaller scale. Would you rather pay 100 for a bike or 50 dollars for that same bike. The end goal for both situations is to end up with more money in your pocket. I am not sure why people are so surprised that companies are using these tax havens when they know they exist. Usually, the average person will try to find a way to beat the system to make their life a little better. This is what these companies. They are giving themselves huge tax breaks because nothing is stopping them and who would not want to save money. I do not believe Apple should be forced to pay back what they saved in these tax havens. Ultimately, they did not do anything legally wrong. I think what should be done is the removal of the paradise papers to pump more money in the American economy.
Do you think anything will be done with the paradise papers, especially with many of President Trumps friends involved?
|
|
|
|
Post by Nick Newman on Nov 15, 2017 5:44:54 GMT
@alex
I agree, if nothing is done with the paradise papers then nothing should be done to the corporations exploiting them for their own personal gain.
@autumn
I do not think any legislation will be put in place to end tax havens. Most people who were mentioned are friends with the President or people in high places and the politics involved will never allow some type of legislation to go through
|
|
|
|
Post by Wolinski on Nov 15, 2017 14:41:27 GMT
|
|
|
|
Post by Derek on Nov 15, 2017 22:29:53 GMT
@derek I agree, finding this loophole was a very smart move. Nowadays, its seems like everything is about money; so why not find a way to save money? Although Apple is reaping the benefits, does this effect anyone in a negative way? @autumn I think it is too early to tell if this will effect anyone in a negative way because this company is making so much money who knows what they are doing with it. They seem to have more than enough to design phones computers and etc. |
|
|
|
Post by Derek on Nov 15, 2017 22:31:15 GMT
After reading the articles, I can understand why these certain rich people are using these paradise papers to exploit their current tax system to save their money. This is not morally right and is an example of a perverse incentive. For example, Apple is one of the highest tax paying nation in the world. The tax rate for them in America is about 55% of its current revenue. Why pay that when you can get it for as low as 3% in Ireland or 0% on a island called Jersey. I think we can relate to what Apple is doing but on a much smaller scale. Would you rather pay 100 for a bike or 50 dollars for that same bike. The end goal for both situations is to end up with more money in your pocket. I am not sure why people are so surprised that companies are using these tax havens when they know they exist. Usually, the average person will try to find a way to beat the system to make their life a little better. This is what these companies. They are giving themselves huge tax breaks because nothing is stopping them and who would not want to save money. I do not believe Apple should be forced to pay back what they saved in these tax havens. Ultimately, they did not do anything legally wrong. I think what should be done is the removal of the paradise papers to pump more money in the American economy. Do you think anything will be done with the paradise papers, especially with many of President Trumps friends involved? No as long as Trump is president I think this will continue for the time being. |
|
|
|
Post by Mr. Williams on Nov 16, 2017 2:23:14 GMT
From reading this articles I can understand why Apple was trying to save money. First it is super smart because who wouldn’t want to save money. Second this is what our society has become money freaks which means everyone is super greedy and they only worry about money nothing else. Most people no nothing about about what is going on in our society or how much debt our country is in or anything just as long as they have money they are what you call “happy”. Taxes aren’t that bad sometimes for example in the article A Brief History of Tax Haven it says that Rome would “use the tax policy to reward friends and punish enemies” also it said the muslims “used the tax policy as a means of religious conversion”. Taxes are a big thing now a days if you don’t file your taxes it is consider “hiding” from the government according to the Paradise Papers Expose Rich and Famous Using Tax Havens and you will get a very big charge or punishment. But the loophole that Apple is doing is a good idea because if they save money they can use that money to find better ways to improve the technology we have now but it’s also a bad idea because this issue could cause a lot of problems . In 2017 Apple made $44.7bn outside the US and paid only 1.65bn to foreign governments so they we making profit so it means they were doing something “right”.
If you were Apple would you do the same thing just make money or to improve the company and why? Also is this issue going to start affecting everyone?
|
|
|
|
Post by Alex Aspinall on Nov 16, 2017 14:32:55 GMT
@derek I agree, Apple still pays every tax they are supposed to pay. so they are already paying loads of cash to conduct business, why should they have to pay more that they already do just because they found a loop hole?
|
|
|
|
Post by Alex Aspinall on Nov 16, 2017 14:39:21 GMT
After reading the articles, I can understand why these certain rich people are using these paradise papers to exploit their current tax system to save their money. This is not morally right and is an example of a perverse incentive. For example, Apple is one of the highest tax paying nation in the world. The tax rate for them in America is about 55% of its current revenue. Why pay that when you can get it for as low as 3% in Ireland or 0% on a island called Jersey. I think we can relate to what Apple is doing but on a much smaller scale. Would you rather pay 100 for a bike or 50 dollars for that same bike. The end goal for both situations is to end up with more money in your pocket. I am not sure why people are so surprised that companies are using these tax havens when they know they exist. Usually, the average person will try to find a way to beat the system to make their life a little better. This is what these companies. They are giving themselves huge tax breaks because nothing is stopping them and who would not want to save money. I do not believe Apple should be forced to pay back what they saved in these tax havens. Ultimately, they did not do anything legally wrong. I think what should be done is the removal of the paradise papers to pump more money in the American economy. Do you think anything will be done with the paradise papers, especially with many of President Trumps friends involved? @nick I'd argue that scrutinizing private citizens or corporations for trying to save money is wrong. After all we as humans are naturally selfish, and the ultimate goal of a corporation is to make as much money off their product as possible. |
|
|
|
Post by Sarah Shumaker on Nov 17, 2017 1:04:06 GMT
Regarding Apple in the Paradise Papers, I don't necessarily think that what they did was so bad. Of course it was wrong, but the company, like many others, are doing everything they can to make more profit. The paradise papers exposed people that were hiding something from the government, and Apple was not really hiding anything. They just happened to get caught doing what many people believe is illegal, but they are smart for doing it. Everyone nowadays is finding ways to make their lives better, and I'm sure any huge corporate owner in any company would do the same thing Apple did. The lower tax rates in Jersey are a huge deal, and Apple would be stupid to continue to pay taxes here. They just found a loophole. Tax havens are not a new thing, and are bound to be used if the means are right. Taxes are almost completely unavoidable now, and Apple was doing the smartest thing by essentially getting rid of their worry for taxes. I don't think Apple should have to pay that money back as it was just profit. Do you think the people in Trump’s administration that were caught were being smart, or were they just simply hiding something? Do you think they should be removed from the administration?
|
|
