Posted 1 year ago on June 14, 2013, 11:11 p.m. EST by krtedison
This content is user submitted and not an official statement
After Apple CEO Tim Cook testified before the Senate about his company’s practice of using tax loopholes in Ireland to get away with paying only 2% on $74 billion in international profits, the media in the U.S. was humming with stories of corporate and individual tax evasion.
Lost in the shuffle though is the truth that, with companies performing accounting jujitsu to exploit tax gaps and the wealthy setting up shell corporations and trusts abroad to hide their money in financial black boxes, we are seeing essentially seeing elites abandon their societal obligations. Though many cry out “personal responsibility” and “traditional values” to the public, they are secretly undercutting it behind closed doors. We need to eliminate tax shelters, crack down on banks abetting fraud, and cultivate a culture of social responsibility to combat this behavior. Details: http://ntashayu.deviantart.com/art/Cruse-Associates-Fraud-and-Money-Laundering-Apple-378031708#