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Post by jmolloy on Mar 7, 2014 16:42:35 GMT -8
Is the bar open yet? I have money and would like a G&T...
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Post by artman1033 on Mar 7, 2014 16:49:38 GMT -8
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Post by jmolloy on Mar 7, 2014 18:10:23 GMT -8
Ironically that's like the thing that Mr Phoenix wears in "Her"
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Deleted
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Post by Deleted on Mar 7, 2014 20:00:00 GMT -8
Well VXAPL seems to be at a 52 week low...it sounds like a good time to get into some long term Bull Call Spreads. Trying to get out of my Jan 15 600/650's and into some Jan 16 600/650's. Would love to be able to time them so selling the 15's would net me enough to get the same number of 16's. Might try the old sell on Wednesday morning, buy on Friday afternoon trick with 10% of my spread.
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benoir
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Post by benoir on Mar 8, 2014 1:33:01 GMT -8
It seems that all that revenue collected from outside the US is starting to gather the attention of the likes of the G20. Apple may be becoming an easy and obvious target for various taxation collection agencies due to the nation state eclipsing mountains of revenue that is is generating and legitimately moving around the globe. Apple's cash may therefore become politicised as various struggling government's treasurers around the globe blame the likes of Apple and the lack of taxation revenue extracted from Apple for their financial woes. So there might be an attempt to paint Apple as being 'tax avoiders' rather than 'tax minimisers' which is what most who are operating in that environment are. Except from the following Link: Apple under fire from investigation into tax arrangements The Financial Review's analysis shows that while Australians have bought $27 billion worth of Apple products over the last decade, the company has paid only $193 million to the Australian Tax Office (ATO) - that's less than 1 per cent of its turnover.
At the G20 meeting last week, the Federal Treasurer warned Apple and other tech multinationals that the world's major governments are now planning to clamp down on profit shifting arrangements.In the end the reason governments are having trouble generating revenue is largely due to there own inadequate taxation frameworks. No doubt there is going to be a global push to address this and portray multinationals as the villains. As long as any taxation reform addresses profit shifting globally and not isolates the likes of Apple, to be made an examples of, then perhaps that would be okay. So if Apple is taxed abroad then it is highly likely that the US will have some reciprocal foreign tax credit offset scheme which will enable multinationals to repatriate cash without further penalty. This would be a good thing for Apple as it would vastly improve its liquidity. Of course, I am no tax expert just another poster on this board...
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Post by phoebear611 on Mar 8, 2014 4:13:51 GMT -8
Perhaps Luca Maestri will bring some fresh new ideas and perspectives.
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Post by artman1033 on Mar 8, 2014 6:07:50 GMT -8
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Post by rickag on Mar 8, 2014 6:15:18 GMT -8
It seems that all that revenue collected from outside the US is starting to gather the attention of the likes of the G20. Apple may be becoming an easy and obvious target for various taxation collection agencies due to the nation state eclipsing mountains of revenue that is is generating and legitimately moving around the globe. Apple's cash may therefore become politicised as various struggling government's treasurers around the globe blame the likes of Apple and the lack of taxation revenue extracted from Apple for their financial woes. So there might be an attempt to paint Apple as being 'tax avoiders' rather than 'tax minimisers' which is what most who are operating in that environment are. Except from the following Link: Apple under fire from investigation into tax arrangements The Financial Review's analysis shows that while Australians have bought $27 billion worth of Apple products over the last decade, the company has paid only $193 million to the Australian Tax Office (ATO) - that's less than 1 per cent of its turnover.
At the G20 meeting last week, the Federal Treasurer warned Apple and other tech multinationals that the world's major governments are now planning to clamp down on profit shifting arrangements.In the end the reason governments are having trouble generating revenue is largely due to there own inadequate taxation frameworks. No doubt there is going to be a global push to address this and portray multinationals as the villains. As long as any taxation reform addresses profit shifting globally and not isolates the likes of Apple, to be made an examples of, then perhaps that would be okay. So if Apple is taxed abroad then it is highly likely that the US will have some reciprocal foreign tax credit offset scheme which will enable multinationals to repatriate cash without further penalty. This would be a good thing for Apple as it would vastly improve its liquidity. Of course, I am no tax expert just another poster on this board... They lost me when the article stated,"The Financial Review's analysis shows that while Australians have bought $27 billion worth of Apple products over the last decade, the company has paid only $193 million to the Australian Tax Office (ATO) - that's less than 1 per cent of its turnover. " Taxes are paid on profits not gross sales. Another quote was,"If I pay $600 for an iPad in Australia then $550 is paid to Apple Ireland and out of the $550, $220 is not taxed anywhere in the world. ". Then for Ireland the gross profit is $50 out of which there are operating, administrative, etc. expenses. So yes Australia got the correct amount of taxes due. For Australia, or any other country, it is irrelevant whether the $550 is paid to Apple in Ireland or China or Bermuda or etc. By using gross sales dollars as a metric this article is total BS.
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Post by artman1033 on Mar 8, 2014 7:23:38 GMT -8
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Deleted
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Post by Deleted on Mar 8, 2014 8:00:47 GMT -8
It seems that all that revenue collected from outside the US is starting to gather the attention of the likes of the G20. Apple may be becoming an easy and obvious target for various taxation collection agencies due to the nation state eclipsing mountains of revenue that is is generating and legitimately moving around the globe. Apple's cash may therefore become politicised as various struggling government's treasurers around the globe blame the likes of Apple and the lack of taxation revenue extracted from Apple for their financial woes. So there might be an attempt to paint Apple as being 'tax avoiders' rather than 'tax minimisers' which is what most who are operating in that environment are. Except from the following Link: Apple under fire from investigation into tax arrangements The Financial Review's analysis shows that while Australians have bought $27 billion worth of Apple products over the last decade, the company has paid only $193 million to the Australian Tax Office (ATO) - that's less than 1 per cent of its turnover.
At the G20 meeting last week, the Federal Treasurer warned Apple and other tech multinationals that the world's major governments are now planning to clamp down on profit shifting arrangements.In the end the reason governments are having trouble generating revenue is largely due to there own inadequate taxation frameworks. No doubt there is going to be a global push to address this and portray multinationals as the villains. As long as any taxation reform addresses profit shifting globally and not isolates the likes of Apple, to be made an examples of, then perhaps that would be okay. So if Apple is taxed abroad then it is highly likely that the US will have some reciprocal foreign tax credit offset scheme which will enable multinationals to repatriate cash without further penalty. This would be a good thing for Apple as it would vastly improve its liquidity. Of course, I am no tax expert just another poster on this board... They lost me when the article stated,"The Financial Review's analysis shows that while Australians have bought $27 billion worth of Apple products over the last decade, the company has paid only $193 million to the Australian Tax Office (ATO) - that's less than 1 per cent of its turnover. " Taxes are paid on profits not gross sales. Another quote was,"If I pay $600 for an iPad in Australia then $550 is paid to Apple Ireland and out of the $550, $220 is not taxed anywhere in the world. ". Then for Ireland the gross profit is $50 out of which there are operating, administrative, etc. expenses. So yes Australia got the correct amount of taxes due. For Australia, or any other country, it is irrelevant whether the $550 is paid to Apple in Ireland or China or Bermuda or etc. By using gross sales dollars as a metric this article is total BS. Sorry, as a taxpayer and an Apple shareholder, there's no reason companies should be paying such low rates. On that $600 iPad sales, Apple probably makes $200 profit, if not more. There's no excuse to be paying 1% tax just by shifting everything to Ireland. It's legal, but the loopholes should be closed. Businesses should be paying more than 1% tax.
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Post by nagrani on Mar 8, 2014 10:20:34 GMT -8
Ohhhhh. Where can I find a Dunkin Donuts around here. I wish I had a frosted jelly right now. Attachments:
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benoir
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Posts: 1,318
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Post by benoir on Mar 8, 2014 13:06:08 GMT -8
Sorry, as a taxpayer and an Apple shareholder, there's no reason companies should be paying such low rates. On that $600 iPad sales, Apple probably makes $200 profit, if not more. There's no excuse to be paying 1% tax just by shifting everything to Ireland. It's legal, but the loopholes should be closed. Businesses should be paying more than 1% tax. This article also has an interesting perspective on the emerging attitude of the Australian government towards profit shifting, but this time directed towards Google. The article also references Apple. Some extracts.... GOOGLE has refused to explain why it paid just $74,176 in Australian tax last year, despite making an estimated $1 billion in revenue from the Australian market.
.....''It is time … for Google to go beyond the pathetically defensive 'we comply with all relevant laws and regulations', and actually state why they believe we should be indifferent to Australia's largest single advertising platform paying little or no tax here.''
.....The director of the centre for law and economics at the Australian National University, George Barker, said the profits of companies like Google were not prima facie a bad thing. ''One thing to consider is corporations like Google have a lot of intellectual property and therefore what may look like huge profits are actually a return to moral and intellectual property. They may look like they're making money for jam, but all they're doing is making a return on past investment.''
I agree that businesses should be paying more than 1% tax - my base company tax rate is 30%. So this will have a material affect on Apples bottom line should profit shifting reforms be enabled. But as long as there is a level playing field the AAPL should weather this.
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benoir
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Post by benoir on Mar 8, 2014 13:12:26 GMT -8
Fun fact from the following extract: Australians have bought $27 billion worth of Apple products over the last decade....[/quote] Link: At, say, 21 million Australians, this equates to approx US$120 per person per annum. Does anyone have any metrics for the annual spend per person in the US? ...or anywhere else?
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Mar 9, 2014 10:56:48 GMT -8
Oh darn, the "raise Apple's taxes" discussion on the AAPL Finance Board died out.
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Post by lovemyipad on Mar 9, 2014 11:25:02 GMT -8
VXAPL in the ATL zone... Last three times in this VXAPL zone, there was at least one more push up in AAPL before any significant down in stock price... Let's see how this plays out... VXAPL & AAPL: Weekly Charts
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benoir
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Post by benoir on Mar 9, 2014 13:17:07 GMT -8
Oh darn, the "raise Apple's taxes" discussion on the AAPL Finance Board died out. Sorry jdsoCon. I will ask before posting to ensure it aligns with your particular dietary requirements. ...but it is a fact that this is being discussed within the G20. In fact it's our very Conservative government that is raising the issue...oh the irony! There is every prospect that Apple will be taxed more at the point of sale, but there is then a better chance that the residual can then be repatriated. So this may be just a little relevant.
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Mav
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Post by Mav on Mar 9, 2014 13:21:47 GMT -8
iPad - the Atlanta, GA zone? I'm only putting this out there for "entertainment" purposes, so put me on ignore if you don't want to read this "bullish" post. But unless the broader markets start tanking, I'm thinking this current price action is net constructive. Fundamentals are uncertain, yes, but new product categories are not. "More importantly" (until that whole growth part of the story plays out, anyway), I think bears/would-be profit-takers are being held back by Apple's war chest and the HIGHLY likely dividend increase and especially buyback authorization boost. I find it hard to believe that "we're for the long term" Apple, with Luca soon to take the reins, won't throw down a highly imposing capital return number by April. $100B (total) is a "trivial" buyback authorization for Apple to announce given enough time to complete the program (call it 2016-17). Add in a dividend hike, and it's not hard to see a revised total shareholder return number moving up to $150B from today's $100B. These are epic numbers, yet "manageable" on account of Apple's cash hoard + rate of cash accumulation. No guarantees in this market, but at the very least, the threat of Apple continuing to attract long-term investors and invest in itself makes for a fairly imposing valuation booster and/or backstop.
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Post by rickag on Mar 9, 2014 13:24:38 GMT -8
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Mav
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Post by Mav on Mar 9, 2014 13:30:37 GMT -8
Meaning...brighter flash without actually changing the diode? Whoa.
Bright screen without needing to boost the brightness of the LED backlighting, too? Hmm....
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Deleted
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Post by Deleted on Mar 9, 2014 13:40:09 GMT -8
Not sure why any company should be paying 1% tax...yes Apple pays a fairly high tax rate, but it'd sure be nice to have a similar tax situation for the entire G20 so there's no reason for companies to flood Ireland or the Bahamas with all their cash. Successful companies should be paying their share.
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Post by artman1033 on Mar 9, 2014 15:08:58 GMT -8
Oh darn, the "raise Apple's taxes" discussion on the AAPL Finance Board died out. I have met THAT cat. Grouchy Cat is featured at SXSW again this year
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Post by redinaustin on Mar 9, 2014 15:31:22 GMT -8
Oh darn, the "raise Apple's taxes" discussion on the AAPL Finance Board died out. I have met THAT cat. Grouchy Cat is featured at SXSW again this year Grumpy cat
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Post by artman1033 on Mar 9, 2014 15:39:05 GMT -8
I have met THAT cat. Grouchy Cat is featured at SXSW again this year Grumpy cat You are correct Sir!
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Deleted
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Post by Deleted on Mar 9, 2014 18:14:27 GMT -8
60 Minutes is running a segment about personal privacy and the data harvested and sold to third parties.
Let's HOPE people start to WAKE UP about this, including beginning to care about the choices they make with hardware and services. Google figures prominently in this, along with other social media sites like Facebook, etc.
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Mav
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Post by Mav on Mar 9, 2014 18:46:09 GMT -8
They haven't yet...though this year SHOULD wake a decent number of people up, so they're running out of excuses not to know what's going on.
Funny thing is (for mobile), Android itself may have more of a damper on smartphone users than the privacy/customers-for-sale-and-they-don't-know-it-or-don't-care deal.
Version 4.0 is almost two and a half freaking years old. For "some" reason Google won't version up to 5 while Apple's en route to iOS 8. Did anyone think Google would go Windows Phone 7-ish like this?
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Post by artman1033 on Mar 9, 2014 18:49:32 GMT -8
Eric Schmidt and Jared Cohen talked about the updated edition of their book, The New Digital Age, in which they discuss National Security Agency (NSA) spying and the current state of internet security. During this event, hosted by the Computer History Museum, the co-authors were interviewed by Sheryl Sandberg, COO of Facebook and the author of Lean In. very,very,very, good www.c-span.org/video/?318143-1/book-discussion-new-digital-agefrom the interview: Some Syrians are forced at gunpoint to hand over their smartphones to police. If "offensive" material is found on the smartphone, the man is shot.
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Post by jmolloy on Mar 9, 2014 21:05:24 GMT -8
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Mav
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Post by Mav on Mar 9, 2014 21:06:43 GMT -8
Only "catch" is that OLED deal
I kinda like IPS LED with a side of IGZO depending on iDevice, so if Apple can do something similar with backlighting or something...
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