[dba-Tech] Apple's move to Ireland

[Bryan Carbonnell]

This belongs over on OT folks.

Please and thank you.

On Sun, Nov 29, 2015 at 2:55 AM, Arthur Fuller <fuller.artful at gmail.com> wrote:
> Got to call you on this one, Rocky. The notion that the purpose of a
> corporation is to maximize shareholder value was created in 1974 by tow
> Harvard economists. Prior to that event, the purpose of a corporation was
> to maximize community value. Look it up. I am correct on this.
>
> Being a leftist, I tend toward the former definition. But that's just me,
> and I realize that. There;s no way to build automobiles in the absence of
> corporations, but that is not to say that the purpose of GM and Ford and
> Hyundai is to maximize profits. The purpose of these companies is to
> deliver products for the minimal cost to the maximum number of people, for
> the least amount of environmental footprint. Yes, this last clause I added,
> but that is the new world that we inhabit, and this realization extends
> from coffee to vegetables to automobiles. And we have to grow used to this
> new way of regarding the planet.
>
> One very radical thing that I would suggest is a worldwide wage-equality,
> so that it becomes impossible to export jobs from America to Malaysia, so
> that it makes economic sense to keep these jobs in the USA and Canada
> rather than exporting them. There is an ancillary issue, which is probably
> tougher to deal with: nations that offer tax-deals to foreign corporations
> who choose to locate there. The ugly villain in this case would be Apple,
> which has just chosen to move its HQ to Ireland, and thus escape billions
> of taxes otherwise owed to USA.
>
> This is wrong wrong wrong. You can call it the Spirit of Capitalism, but it
> is wrong wrong wrong, and it should be stopped, retroactively.
>
>
> On Sat, Nov 28, 2015 at 8:01 PM, Rocky Smolin <rockysmolin at bchacc.com>
> wrote:
>
>> Let's start with legislation.  The companies aren't doing anything wrong.
>> Their job is to maximize shareholder value.
>>
>> Why would a company voluntarily choose to not take advantage of something
>> that could save them tens of millions of dollars which at the same time
>> would put them at a competitive disadvantage.
>>
>> The companies are the wrong targets - they're doing what they were designed
>> to do - act in the interest of the owners - just like you would if you were
>> running a bakery.
>>
>> The true target of your angst should be the Congress which made the laws
>> that allows these inversions.
>>
>> BTW - do they have the same thing going on in Canada?
>>
>> And are you going to sell those shares?
>>
>> r
>>
>> -----Original Message-----
>> From: dba-Tech [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of
>> Arthur Fuller
>> Sent: Saturday, November 28, 2015 4:50 PM
>> To: Discussion of Hardware and Software issues
>> Subject: [dba-Tech] Apple's move to Ireland
>>
>> I own a few shares of Apple. This move to landing the company off-shore to
>> Ireland disgusts me. I'm not sure how to fix this; let's start with the HQ
>> should be based on the amount of revenue generated by any given country,
>> There are probably flaws in this simplistic solution, but it's a start. A
>> way larger solution would involve all the nations coming together on a
>> uniform tax deal so it would not benefit any company moving its headquaters
>> to somewhere else. I doubt that this is going to happen, since many nations
>> see only the short-term prospects. But I remain in the hope that we can
>> view
>> the big picture. Yes, I am naive.
>>
>> --
>> Arthur
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>
>
>
> --
> Arthur
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-- 
Bryan Carbonnell - carbonnb at gmail.com
Life's journey is not to arrive at the grave safely in a well
preserved body, but rather to skid in sideways, totally worn out,
shouting "What a great ride!"