Apple are a massive corporation with massive sales figures and massive profits famous for iPhone’s, iPads, iPods, and Macbooks, Apple has also sold 125 million iPhones, 58 million iPads and 13.5 million MacBook laptops around the world, despite these massive massive sales figures and massive profits Apple’s tax bill is not so massive.
Apple paid less than 2 percent tax on its overseas profits in 2012. That’s 1.9 percent tax on foreign earnings that were up 53 percent compared to fiscal 2011.The claims are based on figures revealed in Apple’s Form 10-K, filed with US regulator in November 2012. That filing shows that Apple paid just US$713m in overseas corporation tax on its foreign profits of US$38.87bn in the past 12 months. In 2011 Apple earned US$24 billion outside the US and paid income tax of 2.5 percent on it, according to the Associated Press. Apple has dodged more than £550m tax in the UK in 2011, analysts have estimated.
I get accused of hating capitalism all the time, i do not hate capitalism what i do hate is loopholes in the tax system put there by the government and funded by the rich that allow massive corporations, banks and billion/millionaires to avoid paying hardly any tax, when my family was in business we paid 40 percent tax, when i worked a 9 to 5 job and was earning £400 per week i paid 25 per cent tax, but Apple make billions every years yet they only pay 1.9 per cent tax, that is not capitalism that is just a scam!
According to Richard Murphy of Tax Research UK, the amount Britain has missed due to tax avoidance schemes from all firms now stands at £120bn a year.
That breaks down into £25bn in legal tax avoidance, £70bn in fraudulent tax evasion and £25bn in late payments.
These massive profits and tax avoidance is not enough for Apple they have also been caught using child labor and paying as little 1,550 yuan ($243) per month for a six-day week, 12 hours a day. Each worker also had to pay “hundreds of yuan for food and accommodation.”
Despite scandals like this people will be queuing for the next Apple product, sleeping in tents and sleeping bags outside electrical shops, rushing to spend there hard earned money on over priced shit gadgets, no disrespect but you need grow up, your better of with a good laptop.
The inconvenient truth is if you buy Apple products you financially endorse child labor and slave labor!
Showing posts with label tax avoidance. Show all posts
Showing posts with label tax avoidance. Show all posts
Friday, 16 August 2013
Monday, 8 July 2013
THE TESCO RIP OFF.
EVERY LITTLE HELPS!
Tesco has to be one of the most corrupt corporations in Britain and in the whole world! Recently Tesco and other supermarkets have been caught serving horse meat as beef, horse meat was found in “Beef burgers” and some of Tesco’s own brand of ready meals, this has shocked and outraged many people, i don’t really understand why they are so surprised. Tesco have proven many times they do not care about human rights, Tesco (like many other corporations) use child labor and exploitation in third world countries paying as little as 7 pence per hour, Tax avoidance, and the price fixing on dairy products, bread and other essentials make Tesco one of the biggest rip offs in Britain. Even worse the fact they pay tiny amounts of tax and use child labor it makes it very hard for small local businesses to compete with them, Tesco destroy local markets and businesses, they only create unskilled, low paid, tedious jobs and pay minimum wage, they make billions but the government still insist on sending the unemployed youth of Britain working for Tesco just to receive their benefits at no cost to Tesco as its all funded for by the taxpayer.
Who are the real fools here? People always say to me, “you can’t change the system” and my answer is “you can try and if you fail who cares? as long as you have managed to piss them off and show them up for the corrupt fools they are.” In my opinion Tesco customers are the real fools, Tesco would change their ways tomorrow if they thought they were going to lose money because there is one thing Tesco do care for, and that is money! If you are against animal cruelty, child labor, work for benefits, and corporate tax avoidance than you should NOT shop at Tesco, Wal-mart, ( known as Asda in Britain) or pretty much any of the big British supermarket’s. It is surely time to go back to your local markets and shops and always remember there is a very high cost to low price supermarkets.
Tesco has to be one of the most corrupt corporations in Britain and in the whole world! Recently Tesco and other supermarkets have been caught serving horse meat as beef, horse meat was found in “Beef burgers” and some of Tesco’s own brand of ready meals, this has shocked and outraged many people, i don’t really understand why they are so surprised. Tesco have proven many times they do not care about human rights, Tesco (like many other corporations) use child labor and exploitation in third world countries paying as little as 7 pence per hour, Tax avoidance, and the price fixing on dairy products, bread and other essentials make Tesco one of the biggest rip offs in Britain. Even worse the fact they pay tiny amounts of tax and use child labor it makes it very hard for small local businesses to compete with them, Tesco destroy local markets and businesses, they only create unskilled, low paid, tedious jobs and pay minimum wage, they make billions but the government still insist on sending the unemployed youth of Britain working for Tesco just to receive their benefits at no cost to Tesco as its all funded for by the taxpayer.
Who are the real fools here? People always say to me, “you can’t change the system” and my answer is “you can try and if you fail who cares? as long as you have managed to piss them off and show them up for the corrupt fools they are.” In my opinion Tesco customers are the real fools, Tesco would change their ways tomorrow if they thought they were going to lose money because there is one thing Tesco do care for, and that is money! If you are against animal cruelty, child labor, work for benefits, and corporate tax avoidance than you should NOT shop at Tesco, Wal-mart, ( known as Asda in Britain) or pretty much any of the big British supermarket’s. It is surely time to go back to your local markets and shops and always remember there is a very high cost to low price supermarkets.
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