It appears that the only thing that really changed between the Bush administration and the Obama administration when it comes to who gets taxed? Is who gets taxed. Really. That's the kind of double talk that really goes on in Washington and always has.
General Electric and Apple seem to be two of the most favored corporate evils by the Obama gang. Not counting Solara and anywhere else they can toss around a billion dollars here and there of our money. None the less, Apple and GE are skating right along avoiding their taxes while the rest of us are told how evil everyone else is.
Actually this story on Apple's tax shelters isn't really a story or a revelation at all if you know the real story behind the scenes. Nothing new here, this sort of thing goes on in perpetum in Washington, regardless of who is in office. Therefore, the only real irony is the representation by Obama and the rest of his Fabians, is that all they want to do is see to it that the evil rich pay their fair share. (Just as long as the fair share comes from the targeted evil list.)
Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby.
Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states.Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains.California’s corporate tax rate is 8.84 percent. Nevada’s? Zero
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