Apple Accused of Tax Evasion

As evident in this article, Apple has moved on to create more subsidiaries in other countries where the tax rates are lower, as a move to reduce their tax burden. However, there is a huge debate within the US government and in this article, the Apple Executive has been brought before legislators to respond on why they are trying to implement measures to ‘avoid tax’. Although it is legal for Apple to set up branches elsewhere and try to reduce the tax burden, the question is “how moral is such a move?”  Although the company has already paid about 6 billion dollars for tax, the estimated value that has been evaded is a lot higher. Taking into account that the company makes a lot of profit from people allover the world, and particularly from the US, I fully believe that it has a social responsibility to fully pay all the taxes. This is   because the same expenditure that they incur in terms of paying the taxes will eventually be used to provide social amenities and other government services to the public. The government is therefore, in my opinion, right to question Apple on their selfish move.

http://articles.latimes.com/2013/may/24/opinion/la-le-0524-friday-apple-taxes-20130524

 

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