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Post by redinaustin on May 21, 2013 14:22:13 GMT -8
And another reason to hate M$FT: @darrenrovell: Under the Microsoft/NFL deal, players and teams can still use iPads for playbooks, but Apple branding has to be covered up.
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Mav
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Post by Mav on May 21, 2013 14:28:32 GMT -8
Everyone will know, too. Hilarious. You're better off releasing Office for iPad, Irrelevant Dinosaursoft.
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Deleted
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Post by Deleted on May 21, 2013 14:29:34 GMT -8
email to Carl Levine I wish to thank Sen. Levine for exposing that our tax revenue problem is the result of archaic federal tax policy that does nothing to encourage work, savings and export manufacturing. Obviously Sen. Levine has an agenda that does not include the welfare of the American worker. Sen. Levine should retire before doing more damage to the American economy. It's Levin, not Levine, in case you haven't sent yet. He'd have to see it to notice. I don't think he ever will, although it would be typical if I heard back about the spelling of his name, without a word on my comment.
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Post by aaplcrazie on May 21, 2013 14:39:05 GMT -8
By comparison: my e-mail to Tim Cook which got a response from Apple Corporate Executive Relations in 2 days! And they routed my call to the right person who was tech savvy and stayed with me on the phone while my issue got solved...
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on May 21, 2013 14:40:24 GMT -8
Levine's contact form limits the writer to "25" words or less. See my email to him. I had to edit my comments HEAVILY to get it to fit within the comment section. Now there's a guy that really wants to hear from his constituents. Ironic, considering the guy probably couldn't order a hamburger in less than 250 words.
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Post by Lstream on May 21, 2013 15:04:53 GMT -8
Levine's contact form limits the writer to "25" words or less. See my email to him. I had to edit my comments HEAVILY to get it to fit within the comment section. Now there's a guy that really wants to hear from his constituents. Ironic, considering the guy probably couldn't order a hamburger in less than 250 words. Use dots or some other character between the words instead of spaces. Bet they won't figure it out.
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Post by phoebear611 on May 21, 2013 16:36:25 GMT -8
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Mav
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Post by Mav on May 21, 2013 17:18:20 GMT -8
Considering the structural problems in the Eurozone, I'm actually surprised this didn't happen sooner.
But, like what happened here in the US today, probably just sound and fury signifying nothing:
Also, it's your own fault, Eurozone nations.
Also also, Apple's tax rate is 26%. So it's well equipped to handle even the worst-case tax-hit-after-the-fact, considering that there's very little likelihood of an EPS restatement due to Apple's more conservative accounting. I'd break out the popcorn if that ever happened to Google and others, though.
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Mav
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Post by Mav on May 21, 2013 17:36:40 GMT -8
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Post by artman1033 on May 21, 2013 18:10:26 GMT -8
I have watched most of all three panels in today's Senate hearings. (HERE)MY interpretation of the world: 1) EVERYONE tries to minimize taxes. 2) You CAN avoid taxes. 3) You CANNOT evade taxes. APPLE's Ireland operation pays 2% taxes on ALL profits from sales in Europe and Asia. The profits have to stay in Ireland. If the profits were brought back to the USA, APPLE would have to pay 35% total taxes. (33% in the USA plus the 2% they already paid in Ireland) That is called repatriating the profits. Senator Levin's argument is that APPLE brings back profits from Canada and countries in South America. APPLE pays full taxes on those profits. Senator Levin wants APPLE to repatriate ALL of their profits from ALL the foreign countries. Senator Levin wants APPLE to pay more taxes. APPLE says they established their Ireland connection back in 1980 when they were a tiny company. Senator Levin says APPLE made big changes in the Ireland deal in 2008. Senator Levin thinks the Ireland deal is very fishy. Do you agree with my analysis?
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Post by macwire on May 21, 2013 18:13:29 GMT -8
Everyone will know, too. Hilarious. You're better off releasing Office for iPad, Irrelevant Dinosaursoft. OTOH the Xbox one looked impressive. It's an interesting reverse Trojan horse strategy. They've sold like 80 million Xbox 360s Just saying. Now will they have a reasonably priced sdk that is accessible and an accessible market place for developers? Doubtful. Lol at the idea of a concurrent running windows 8 gimped OS embedded in it. Can't wait to run mcafee virus scan on my Xbox one ...
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Post by sponge on May 21, 2013 18:23:26 GMT -8
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Post by rlo on May 21, 2013 19:19:48 GMT -8
Senator Levin thinks the Ireland deal is very fishy. Do you agree with my analysis? I agree with your summary except the last part. From what I was watching the last part Carl Levin wanted Apple to admit that having an Ireland operation is fishy. Levin tried half a dozen different ways to rephrase the question to make one of them say yes. Cook, Oppenheimer, and Bullock didnt take the bait and Levin got tired so he brought in the next round of people.
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Deleted
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Post by Deleted on May 21, 2013 19:36:30 GMT -8
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Deleted
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Post by Deleted on May 21, 2013 19:42:58 GMT -8
email to John McCain As a life long fiscal conservative and registered Republican, I was embarrassed by your questioning of Tim Cook (Apple CEO), and your defense of Senator Levine. The problem isn't Apple's pursuit of tax avoidance (which the Supreme Court has affirmed is every citizen's right, if not duty), but the archaic, complex, bloated tax code, written by a politically motivated Congress without regard to its impact on US competitiveness abroad, and how that negatively impacts the American worker. We operate in a market that is no longer defined by nation-state borders. Goods produced in China, Indonesia or Europe today, are on US store shelves tomorrow. US manufacturers are not competing with other US manufacturers, but with manufacturers on the other side of the world. Most importantly, they are also competing against foreign government tax policy that encourages work, savings and export manufacturing. The tone of yours and Senator Levine's questioning of Apple executives was, at best, pure grandstanding. At its worst it reflected a complete lack of understanding of the world we live in today. Instead of defending Senator Levine, I suggest you apologize to Senator Paul for suggesting that his comments were out of line. Blunt though they were they were spot on. You forgot to call him a dumbfu*k...
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Mav
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Post by Mav on May 21, 2013 20:10:46 GMT -8
tuffett covered that I think
Or was that the other Senator Dumbass, who takes the overall prize for excellence in stupidity
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Deleted
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Post by Deleted on May 21, 2013 20:21:58 GMT -8
tuffett covered that I think Or was that the other Senator Dumbass, who takes the overall prize for excellence in stupidity LOL. Well, Levin was the overall winner in that category.
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Deleted
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Post by Deleted on May 21, 2013 20:36:18 GMT -8
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Mav
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Post by Mav on May 21, 2013 20:37:09 GMT -8
Whatcha think? I know some people wanted more fire from Cook but overall I thought the Apple trio did fine.
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Mav
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Post by Mav on May 21, 2013 20:37:41 GMT -8
Mercel, Private Browsing/cookie control can help with that.
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Deleted
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Post by Deleted on May 21, 2013 20:40:10 GMT -8
Mercel, Private Browsing/cookie control can help with that. Mmmm...I'll give that whirl. Back to Dancing with the Stars now....
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Mav
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Post by Mav on May 21, 2013 20:43:47 GMT -8
Was that the NYT I was reading? Felt like a ghostwriter with common sense...in parts. About the hearing, Sen. Johnson was most helpful to Apple, party affiliation aside. IMHO, the "leading question" about sales mix and int'l margin mix (dude has a touch of biz savvy, apparently) was a plus. Way, way better than Levin's patently absurd crap trying to tie R&D spending/locale to the amount Apple's global revenue automatically subject to US tax.
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Deleted
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Post by Deleted on May 21, 2013 21:00:57 GMT -8
Apple store is down.
Maintenance or new Levin bobble head doll?
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Deleted
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Post by Deleted on May 21, 2013 21:06:28 GMT -8
Was that the NYT I was reading? Felt like a ghostwriter with common sense...in parts. About the hearing, Sen. Johnson was most helpful to Apple, party affiliation aside. IMHO, the "leading question" about sales mix and int'l margin mix (dude has a touch of biz savvy, apparently) was a plus. Way, way better than Levin's patently absurd crap trying to tie R&D spending/locale to the amount Apple's global revenue automatically subject to US tax. I wasn't able to watch the whole episode. What I did, I think Apple more than acquitted itself against Levin's contrary disposition. Browett was fine -- he was halting, but he had the facts (beware of a smooth talking accountant BTW). As I've said before, there are FAR better examples than Apple to enter the kangaroo court
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Mav
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Post by Mav on May 21, 2013 21:53:48 GMT -8
Hah! It's Bullock btw. Don't worry, took me a few tries to get it right.
He moved from Symantec as Chief Accounting Officer last year. A bit nervous-sounding but he did just fine as the most technically inclined tax authority rep for Apple. And hey, you don't get called before a couple of Angry Birds Senators too often. Which was a pleasant surprise, because only TWO of them had any real issue with Apple far as I could tell.
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icam
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Post by icam on May 21, 2013 22:25:10 GMT -8
I thought Tim and PO did a nice job. Thats two meetings in a row where they have performed well. These two are getting their public speaking acts together, finally. Confidence in management is growing and that makes this shareholder happy.
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Deleted
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Post by Deleted on May 21, 2013 22:51:49 GMT -8
Also also, Apple's tax rate is 26%. So it's well equipped to handle even the worst-case tax-hit-after-the-fact, considering that there's very little likelihood of an EPS restatement due to Apple's more conservative accounting. Apple has already booked the maximum tax consequence against overseas profits. They just haven't mailed the check. Frankly, I saw a theme within the political grandstanding of McCain and Levin today, and that was a 15% corporate tax rate, with a consumption tax making up the balance. That would be a step in the right direction, but would really be a disaster, as it would leave the prospect of increasing the rate later. The disaster would come from the consumption tax. If Congress did increase the corporate tax rate in the future they sure as hell would not lower the consumption tax. The cure to all this tax avoidance angst is to abolish all taxes on production, and implement a pure consumption tax. That combination would achieve what all the tax avoidance strategies are designed to do, plus tax the sales of foreign produced goods that are not taxed in their country of origin (think Korea)..
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stub
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The fix is in. Be patient. Don't panic.
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Post by stub on May 21, 2013 22:53:27 GMT -8
"No, just members of a government that is bankrupt both morally and financially attempting to squeeze cash out of anyone seen to have a lot of it thanks to their own good sense and hard work. This is not about clever tax planning by companies, but the inability of politicians and bureaucrats to stop spending other people's money like a bunch of drunken sailors, and their sense of entitlement that makes them think that they can simply demand more and more and more." Well put, Big Bird!
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Deleted
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Post by Deleted on May 21, 2013 22:54:53 GMT -8
I have watched most of all three panels in today's Senate hearings. (HERE)MY interpretation of the world: 1) EVERYONE tries to minimize taxes. 2) You CAN avoid taxes. 3) You CANNOT evade taxes. APPLE's Ireland operation pays 2% taxes on ALL profits from sales in Europe and Asia. The profits have to stay in Ireland. If the profits were brought back to the USA, APPLE would have to pay 35% total taxes. (33% in the USA plus the 2% they already paid in Ireland) That is called repatriating the profits. Senator Levin's argument is that APPLE brings back profits from Canada and countries in South America. APPLE pays full taxes on those profits. Senator Levin wants APPLE to repatriate ALL of their profits from ALL the foreign countries. Senator Levin wants APPLE to pay more taxes. APPLE says they established their Ireland connection back in 1980 when they were a tiny company. Senator Levin says APPLE made big changes in the Ireland deal in 2008. Senator Levin thinks the Ireland deal is very fishy. Do you agree with my analysis? Perfect.
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Post by Deleted on May 21, 2013 23:15:06 GMT -8
Whatcha think? I know some people wanted more fire from Cook but overall I thought the Apple trio did fine. I'm a direct kinda person, so I would liked to have a left jab followed by a right cross to Levin (no "e" on the end) and that intellectual marshmallow McCain. But I'll settle for the Ali shuffle that completely deflated the pomposity of those two blowhards. They have to realize that their big moment backfired, and the villain turned out to be them.
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