Apple abuses labor, pollutes the environment, and evades tax [Comic]

This past year Apple has taken a lot of heat over the labor practices of its contractors in China with stories such as students being forced to work in Foxconn factories assembling iPhone 5s or the extremely poor treatment of workers who work at manufacturing plants that Apple contracts out to. And Apple has a bad rap in the scientific circle for participating in something called “green washing” — making your products sound environmentally friendly even though they really aren’t. Apparently Apple also evades tax and bully governments:

Obviously the above is a comic poking fun at corporate America. However, validity of all other allegations side, it actually is a fact that many companies evade tax by not repatriating their monies made internationally back to the United States. It is what some may consider to be a loophole in current corporate tax law.

[via Joy of Tech]

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  • sl0j0n

    Hello, all.
    I know, its *supposed* to be funny, and it is, some.
    But the “Truth” is probably closer to the comic, than many realize.
    IMO, the “REAL” problem is the ‘editor’,
    who in ‘real life’ can sweep the story under the rug.
    For certain, eh, “considerations”, shall we say?
    If a tree falls in the forest,
    but the “media” doesn’t report it,
    did it ‘really’ fall?

    Have a GREAT day, neighbors!

  • Ashraf

    @ds3303: No one said it has to be double taxed. Companies could get deductions for tax they already paid, just like ex-patriot individuals get income tax deductions for tax they pay in other countries.

  • ds3303

    Actually,most countries don’t tax domestic companies foreign earnings for just that reason. This double taxation (the earnings have already been taxed in the country of origin) just encourages multi-nationals to not bring the $’s back to the US. Once again,our idiot shortsighted pols show they never bothered to pass freshman economics,and the country gets screwed.