Taxes should be paid where economic activity is generated.
By Ianik Marcil
Originally published on January 28, 2015
See original French text here: http://www.journaldemontreal.com/2015/01/28/se-payer-un-chum-par-annee
Apple just announced record profits of $18 billion for the last three months of 2014. This represents $200 000 per day. Of profits. Despite all of this, the business manages to only pay 2% taxes on these earnings.
The last few years, some journalists have brought to light the fiscal strategies that allow Apple and some other very big businesses, notably the giants of the technology sector, to pay almost no taxes, despite their formidable profits. They do not falsify their declarations of revenues any more than they hide bundles of bills in safes in their basements. Rather, they have recourse to what we call “fiscal optimization” – a euphemism for tax avoidance.