Apple and companies like it claim to be socially responsible, but that should mean paying your fair share of tax
In the last few years, globalisation has come under renewed attack. Some of the criticisms may be misplaced but one is spot on: globalisation has enabled large multinationals, such as Apple, Google and Starbucks, to avoid paying tax.
Apple has become the poster child for corporate tax avoidance, with its legal claim that a few hundred people working in Ireland were the real source of its profits, and then striking a deal with that country’s government that resulted in its paying a tax amounting to .005% of its profit. Apple, Google, Starbucks and companies like them all claim to be socially responsible, but the first element of social responsibility should be paying your fair share of tax. If everyone avoided and evaded taxes like these companies, society could not function, much less make the public investments that led to the internet, on which Apple and Google depend.
Continue reading...from The Guardian http://bit.ly/2SxjIXX
