Due to the complexity of the changing tax laws, and the preparation time required, we prefer if not all, of your information by Friday April 1, Please phone our office at (‘4650600’ to either set up an appointment, or make arrangements for mail/e mail/fax of necessary tax documents. The Crime and Corruption Investigation Network earlier announced the names of 18 persons from Serbia who have founded off shore companies via the Panamanian law firm Mossack Fonseca, from which the documents was leaked.
You’re worried about foreign tax havens, the use of which is costing the $ 150 billion per year in the for.
Let me ask you something. Worried about the federal deficit?
Several days ago, heaps of international media simultaneously published that 11 dot 5 million documents had been leaked from among the main agencies for founding ‘off shore’ companies, the Mossack Fonseca.
Last year, 6 data terabytes was leaked from this company to investigative journalists.
With branch offices in more than 30 world cities, This Panamanian agency is amongst the leading creators of fictitious companies. It was stated that 100 world media participated in the investigation, headed by the International Consortium of Investigative Journalists and the German paper Suddeutsche Zeitung. Generally, while still racking up record gains, American corporations utilize offshore tax havens and creative accounting techniques to legally avoid paying taxes in the United States.
The seriousness of the real problem can not be overstated.
Supersized tax loopholes coupled with the belief that increasing corporate taxes will jeopardize the economy are costing California.
There are wise revenue solutions. Our elected officials just need to be willing to identify them and take a stand. Generally, Do what’s right and stick to what Apple does best and continued success will surely follow. Just think for a moment. Know what, I want Apple to innovate with new incredibly great products that wow the world like the iMac and iPhone did not with new ways of nickel and diming Uncle Sam. With all that said… Meanwhile engaging in endless schemes to avoid taxes in countries where they book those earnings, the link between the profitability of American companies and the ‘well being’ of America is broken, because they can indefinitely shield their foreign benefits from taxes. The Tax Administration of Serbia stated on April 8, in connection with the Panama Papers case, that it had taken all the legally envisaged measures in its jurisdiction, and that it was checking the stated claims in coordination with other state bodies.
We are currently having a debate in this country about fairness and our tax systems.
That’s an ideal debate to have.
Insinuating that someone who pays a lower effective tax rate than you is somehow doing something unfair to you does not should Apple have access to consumers if Apple refuses to pay its fair share of taxes to finance the infrastructure and education that Americans need to improve their living standards? Americans could buy from one of Apple’s competitors instead. The Tax Administration announced on April 8 that it was checking the stated claims.