[dba-Tech] Apple's move to Ireland

[Rocky Smolin]

Well it was good while it lasted. :) You want to go to ot? I know you're not
fond of the list. :)

r 

-----Original Message-----
From: dba-Tech [mailto:dba-tech-bounces at databaseadvisors.com] On Behalf Of
Bryan Carbonnell
Sent: Sunday, November 29, 2015 5:37 AM
To: Discussion of Hardware and Software issues
Subject: Re: [dba-Tech] Apple's move to Ireland

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!"
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