Why are we short of revenue to balance the national budget? Why can’t we collect enough in revenue to improve our schools, public transportation or health insurance? Because corporations like Apple dodge paying their fair share of U.S. income taxes (estimated in the Financial Times at $9 billion just for Apple alone). You and I pay our fair share – and it’s collected directly from our paychecks, right up front. Why not for Apple? Apple benefits from our national infrastructure including things like education, transportation, security, communications networks and more.
Instead Apple issues bonds thereby keeping billions off-shore where it won’t be taxed. In this way Apple externalizes the real cost of running their business onto individual taxpayers and communities – keeping bigger bonuses for Apple executives and bigger dividends for stock holders.
Tax evasion corporate-style.
All too often we worry about welfare programs for those made poor (of which the entire program for low income individuals is relatively small) but prefer to remain oblivious to undeserved MASSIVE CORPORATE WELFARE worth hundreds of billions of dollars.
As consumers, we are morally culpable if we choose to do nothing. One can not be neutral. Either we demand that Apple, and all corporations, pay their fair share of taxes for the privilege of using our infrastructure and resources or, in doing nothing, we actively demonstrate our belief that corporate shareholders and executives deserve to
take steal wealth from us, our families and communities.
Read the entire Associated Press article here.