Everybody is picking on Apple for its offshore tax practices, probably because if Adam and Eve hadn’t taken a bite out of it, we all would be playing golf in the Garden of Paradise.
Instead, we’re stuck here in the Garden of Travail, which certainly has its fair share of unplayable and unfair lies.
Apple isn’t the only major company using creative if not so patriotic tactics to avoid paying taxes on billions of dollars in profits.
At least 18 companies, including Nike, Microsoft and the aforementioned Apple, are stashing profits in offshore tax havens in a bid to avoid paying taxes, according to a new report from the Citizens for Tax Justice.
Now here’s some math that certainly would prop up our fractured infrastructure and school districts and balloon our shrinking police forces: If the companies brought that money home, they would pay combined more than $92 billion in U.S. taxes.
Imagine the joy of driving from Reading to Allentown on a Route 222 North that isn’t more clogged than a Chris Christie artery.
Fantasize about the serenity of not having white-knuckle moments about safely crossing a crumbling bridge such as Penn Street or Buttonwood Street when you come to it.
Dream about navigating the West Shore Bypass without resorting to a cigarette and a blindfold.
Yep, tax dodges are not the Apple of my eye.