The problem with that is that it's an international market with a patchwork of laws and rules.
Yes, that’s a big challenge.
It's almost impossible to not have loopholes in a single country. It's absolutely impossible not to have them in the entire world.
I think it’s important to acknowledge what “loopholes” are: tax breaks created specifically to benefit certain players. “Loophole” makes them sound like accidents, but they’re not. They’re deliberate. This is why I think it’s important to call them “tax breaks”.
With that in mind, suddenly the problem is less daunting: it’s not about plugging accidental holes, it’s about removing holes that were made on purpose.
That's why a moral appeal isn't unfair or unjust. To expect these companies to behave as decent citizens would isn't too much to ask.
Correct. But the issue is how to define what is and isn’t “decent”. There’s no way to do this, other than by writing rules.
Even the shareholders would agree, if the alternative is naming and shaming companies that abuse rules or even have them written to their advantage.
Oh man... good luck with that. Most shares are held by investment funds and the like, and they absolutely do not care about anything but ROI.
As one of the articles pointed out, the tax dodged by the lobbied for rule change is insane.
It’s a compromise made among a sea of awful tax breaks that never should have been created in the first place.
There are close to two hundred countries with a smaller annual budget than the tax that was dodged.
Totally irrelevant.
That's roughly $125 for each American citizen. That's beyond the realm of clever tricks. People should be upset.
Are you kidding? $125/citizen is peanuts compared to all the other crap that gets subsidized.
And again, Apple has done nothing illegal. You may think it’s morally “wrong”, but it was fully legal. Don’t like it? Push lawmakers to change the law. (E.g. require all income to be repatriated immediately.)