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  • Apple to Reportedly Double Lobbying Dollars on Tax Matters

    As MMi reported Tuesday, earlier this week Apple CEO Tim Cook testified at a Senate hearing that largely probed how Apple uses Irish subsidiaries to allegedly shelter billions of dollars in income from U.S. taxes. Cook strongly defended Apple's tax practices.

    "We pay all the taxes we owe every single dollar," Cook told members of the Senate's Permanent Subcommittee on Investigations. "We not only comply with the laws but we comply with the spirit of the laws," he said. "We don't depend on tax gimmicks."

    Apple, however, is poised to dramatically accelerate lobbying dollars on tax-related matters this year, according to a new report from Reuters. "The company spent about $2 million on lobbying last year, up from $180,000 in 1999," Reuters found. "This year it is on pace to nearly double last year's figure."

    "Clearly, Apple does not have a huge footprint for the tech sector. I don't mean to denigrate almost $2 million (spent on) lobbying - that's a lot of money - but it's not as much as other tech companies have been spending," explains Bill Allison, editorial director for a non-profit that explores the role of money in politics.

    Allison is right about Apple's lobbying efforts compared to others in tech. Microsoft Corp., for example, spent $8.1 million in 2012. Google, meanwhile, spent $16.5 million.

    Source: Reuters
    This article was originally published in forum thread: Apple to Reportedly Double Lobbying Dollars on Tax Matters started by Michael Essany View original post
    Comments 7 Comments
    1. tha1youshouldfear's Avatar
      tha1youshouldfear -
      This picture is just begging for a MEME
    1. feidhlim1986's Avatar
      feidhlim1986 -
      We not only comply with the laws but we comply with the spirit of the laws
      Well done almost quoting Mitt Romney word for word there Tim.

      The fault doesn't like with Apple here, it lies with the Irish Government that did the deal to allow Apple to have such a low corporation tax. But they did that to bring jobs to Ireland, jobs that are still here so it's a win for us.
    1. Norb's Avatar
      Norb -
      'Lobbying' sounds so much better then 'bribing'.
    1. HeliPilot's Avatar
      HeliPilot -
      Quote Originally Posted by tha1youshouldfear View Post
      this picture is just begging for a meme

      all your tax dollar are belong to us!
    1. b1997469's Avatar
      b1997469 -
      I hope Apple loose and have to pay billions. Serves them right for suing others for stupid stuff.
    1. bradmullins007's Avatar
      bradmullins007 -
      Can't accuse Bill Gates of such heinous actions...
    1. zeppy's Avatar
      zeppy -
      Look at the "greedy cock-roach smile" that Tim Crook has on his face... says it all.