Senate investigators recently accused Apple of taking advantage of U.S. tax loopholes to avoid paying taxes on offshore taxable income, claims that Apple has denied. In last week's CI CyberNews CyberPoll, we asked readers if they think big businesses pay enough in taxes. The majority (53.8%) said no, while 38.5% said yes, and 7.7% said maybe/unsure.
"The tax avoidance savings seem to go to upper management bonuses and not to capital and labor costs in this country. If American businesses do not support the structure that allows them to be successful, they are dooming that system and creating systematic poverty in the US."
"I think that U.S. companies should pay taxes but that the tax code needs modification to set more reasonable rates that would thus encourage these companies to repatriate income to the U.S."
"It's not so much a question of whether they pay enough taxes, it's the ridiculous U.S. tax code with endless loopholes. I say to Apple and others, if you're able to use the tax code to your advantage, then go for it! Why would anyone pay more taxes than they are legally required to pay?"
"Increasing the tax rate won't change a thing until the loopholes are closed."
"Apple doesn't pay enough taxes!"
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