THE APPLE RIP OFF.

Apple are a massive corporation with massive sales figures and massive profits famous for iPhone’s, iPads, iPods, and Macbooks, Apple has also sold 125 million iPhones, 58 million iPads and 13.5 million MacBook laptops around the world, despite these massive massive sales figures and massive profits Apple’s tax bill is not so massive.

Apple paid less than 2 percent tax on its overseas profits in 2012. That’s 1.9 percent tax on foreign earnings that were up 53 percent compared to fiscal 2011.The claims are based on figures revealed in Apple’s Form 10-K, filed with US regulator in November 2012. That filing shows that Apple paid just US$713m in overseas corporation tax on its foreign profits of US$38.87bn in the past 12 months. In 2011 Apple earned US$24 billion outside the US and paid income tax of 2.5 percent on it, according to the Associated Press. Apple has dodged more than £550m tax in the UK in 2011, analysts have estimated.

I get accused of hating capitalism all the time, i do not hate capitalism what i do hate is loopholes in the tax system put there by the government and funded by the rich that allow massive corporations, banks and billion/millionaires to avoid paying hardly any tax, when my family was in business we paid 40 percent tax, when i worked a 9 to 5 job and was earning £400 per week i paid 25 per cent tax, but Apple make billions every years yet they only pay 1.9 per cent tax, that is not capitalism that is just a scam!

According to Richard Murphy of Tax Research UK, the amount Britain has missed due to tax avoidance schemes from all firms now stands at £120bn a year.

That breaks down into £25bn in legal tax avoidance, £70bn in fraudulent tax evasion and £25bn in late payments.

These massive profits and tax avoidance is not enough for Apple they have also been caught using child labor and paying as little 1,550 yuan ($243) per month for a six-day week, 12 hours a day.  Each worker also had to pay “hundreds of yuan for food and accommodation.”

Despite scandals like this people will be queuing for the next Apple product, sleeping in tents and sleeping bags outside electrical shops, rushing to spend there hard earned money on over priced shit gadgets, no disrespect but you need  grow up,  your better of  with a good laptop.

The inconvenient truth is if you buy Apple products you financially endorse child labor and slave labor!