Thursday, September 1, 2016

Pay What Ya Owe.

       Well, whatta ya think about the European Union tax bill against Apple? Fourteen and a half $billion for underpaid taxes to Ireland. What they're saying is that Ireland didn't charge Apple enough taxes, so now Apple has to pay up. Of course Apple claims they paid what they were billed and if there was a mistake, it's on Ireland. Ireland is siding with Apple even though they probably would like to get their hands on that cash.
       Here in this country, Congress and a whole bunch of politicians have been grousing about companies jumping to foreign countries to get away from paying taxes. But now all of a sudden the EU is doing something about it. That makes all those politicians happy, right? Huh, that's what you'd think, but no, now all those politicians are mad as all get out that the EU did this to our great and wonderful Apple.
       Now why do you suppose our politicians are unhappy with this new event. The EU has done almost exactly what we've been wanting someone to do, which is basically to take away some of the advantage of leaving America for some lower tax country. If you think I've got an answer, you're wrong. I've never been able to figure out what in the world these politicians are thinking. I Don't believe they have a clue either. I don't know if they're jealous that the EU thought of doing it first or if they're mad that that $14.5 billion isn't going to us.
       Whatever, Apple is suing the EU to try to get out of paying it. Can't blame them for trying. But after all, Apple should be paying more than about 0.1% in taxes over there. Its great for their bottom line, but what it means is that someone else (taxpayers) have to pick up the costs of running a government. I also know that many other companies agree with Apple and are mad at the EU because they don't want other countries to decide to pick up some extra cash from these companies who have picked up and moved out of America if just in name only. Personally I think what goes around comes around. Remember if you or I don't pay enough and the government catches it, we have to pay.

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