Monday, April 30, 2012

Big time tax avoidance

In Canada your taxes are due today, or else be prepared to suffer penalties if you happen to owe money.

Avoiding tax is one of the most popular games on the planet. The more tax you are required to pay, the more incentivized you are to avoid taxation. That is true for individuals as well as corporations, and what is also true is that wealthy individuals and corporations generally find ways to pay the least amount of tax.

Apple Corporation is one of the largest (if not the largest) companies by market capitalization in the world. But Apple has found ways to avoid billions of dollars in US corporate tax legally. More ammunition to support the Laffer Curve.

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