It makes me extremely happy to hear of someone successfully avoid US taxes. Good job, Apple.
Given the highest corporate income tax rate in the developed world, you can't blame them. What sucks is that small and mid-sized companies, the ones who create most US jobs, don't have the resources to exploit the things that Apple and GE can.
-- John Larkin Highland Technology, Inc jlarkin at highlandtechnology dot com http://www.highlandtechnology.com Precision electronic instrumentation Picosecond-resolution Digital Delay and Pulse generators Custom laser drivers and controllers Photonics and fiberoptic TTL data links VME thermocouple, LVDT, synchro acquisition and simulation
You need to study how countries use VAT to make exports cheaper. Under GATT, you can charge VAT on imports, but rebate it on exports. Many Europeans buy gear in the US on their trips here to avoid their VAT.
Are you aware of the Ca. software purchase loophole? If you are located in Ca. and buy software from a CA. based company over the internet and receive no physical media of any kind, you can avoid the Ca. sales tax. This is a big deal when buying Cadence or similar products.
Note I am not a CPA nor do I play one on TV. However, I've first and second hand examples of this dodge being done. Naming names could be trouble...
No "use tax" on software?
Best regards, Spehro Pefhany
-- "it's the network..." "The Journey is the reward" speff@interlog.com Info for manufacturers: http://www.trexon.com Embedded software/hardware/analog Info for designers: http://www.speff.com
That would be in the noise for us. What hurts are the huge taxes and fees that we pay, and the bookkeeping and accounting expenses. All that money could go into creating products and jobs.
-- John Larkin Highland Technology, Inc jlarkin at highlandtechnology dot com http://www.highlandtechnology.com Precision electronic instrumentation Picosecond-resolution Digital Delay and Pulse generators Custom laser drivers and controllers Photonics and fiberoptic TTL data links VME thermocouple, LVDT, synchro acquisition and simulation
Oh, did some "THING" get sold? All I know is bits went through some wires. Remember, you print every last bit of paper on your end if you print anything at all.
Two words: deferred payment. Get the money when you are no longer working. Hey, it works for Mittens!
Sure, I'd rather leave behind a happy, productive company that keeps designing and selling cool stuff. And gives me a desk in a corner somewhere I can still fiddle with circuits as long as I can. Golf and gardening don't excite me somehow.
-- John Larkin Highland Technology, Inc jlarkin at highlandtechnology dot com http://www.highlandtechnology.com Precision electronic instrumentation Picosecond-resolution Digital Delay and Pulse generators Custom laser drivers and controllers Photonics and fiberoptic TTL data links VME thermocouple, LVDT, synchro acquisition and simulation
The Internet tax exemption.
Little correlation with party, really; supposedly there are only two states with actual balanced budgets, all other 48 perform all manner of shady bookkeeping to buoy themselves up (private loans, deferment, etc.).
Tim
-- Deep Friar: a very philosophical monk. Website: http://webpages.charter.net/dawill/tmoranwms
Are you saying that Alabama, Georgia, and Texas are as upside down as Illinois, California, and New York?
in
=46or a lot of real cases golf was really lobbying, and gardening was = best seen as exercise.
?-)
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