Tuesday, May 28, 2013

Could Knowledge Workers Avoid Taxes - Apple Style?

Tax Avoidance for the Rest of Us?

Could knowledge workers use a similar tactic employed by Apple to avoid US taxes?

Knowledge workers sell their collective knowledge to a union in Ireland to which they pay hefty fees out of their earnings.

The union owns their offices, cars and houses to which they pay a tax deductible rent. The union pays out annually to its US members in Ireland. They can recirculate the money in Europe or bring the balance back for U.S. taxation.

See how Apple dodges taxes on $74 billion in revenue.

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