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Why the iPhone Costs Us Billions

1 pointsby jrepinover 9 years ago

1 comment

delishover 9 years ago
I don&#x27;t think this article explains &quot;why.&quot; I don&#x27;t like the clickbaity misuse of &quot;why.&quot; Here are the article&#x27;s headings:<p>&gt; Apple is the iPhone<p>&gt; What does this mean for Europe?<p>&gt; What kind of taxes are paid in Europe on profits of 34 billion euro?<p>&gt; So how much has Apple actually paid in taxes in Europe?<p>&gt; What could Europe have done with that additional 8 billion euros?<p>&gt; How we made our calculations:<p>Underneath &quot;So how much has Apple actually paid in taxes in Europe?&quot; we get one sentence: In Europe, Apple funnels most of its taxable income through Ireland, a tax haven.<p>This isn&#x27;t even an answer to &quot;Why the iPhone costs us billions.&quot; The answer to that question would include why and how tax havens were created and how they continue to exist. You can tell, because me answering, &quot;Well, Ireland is a tax haven&quot; doesn&#x27;t satisfy.<p>Instead of providing the past and present of tax havens, the article gives for example where the missing tax money could have gone: a rescue program for refugees in the Mediterranean Sea. This reads like, &quot;Hey Apple, if you paid your taxes, we could be saving refugees.&quot; This decontextualized argument does not persuade me.