A report published by various watchdog groups revealed Apple Inc. to be the largest tax avoider in the United States. The company stashed at least $214 billion in offshore accounts in 2015 alone.
Available for review at the Web site for Citizens for Tax Justice, the report also made it abundantly clear that Democrat presidential nominee Hillary Rodham Clinton was a hypocrite.
The reason why is because Apple CEO Tim Cook happened to be one of her top donors. In August, for instance, he hosted a $50,000-a-ticker fundraiser for her, says The Daily Caller.
Yet on her website, Clinton excoriated U.S. corporations for doing that very thing that her top donor has shown to do.
“Congress should act immediately to prevent corporations from engaging in inversions, where businesses move their corporate residence abroad on paper in order to escape paying their fair share of taxes,” the site read.
If she really believed that, then why was she taking money from a guy who enhanced his wealth with those same schemes?
Specifically, Apple reportedly set up three offshore subsidiaries in Ireland, where it has been able to get away with paying just 4.6 percent in taxes. According to Clinton’s logic, this made Cook a crook (if Congress acted) – and herself a benefactor of those crooked actions.
But the American people would be mistaken if they expected the liberal media to call Clinton out on this hypocrisy, because their logic goes like this:
“Wealthy business owners who use legal means to avoid paying taxes are crooks … unless, of course, they use their profits to fund the Democrat politicians we support.”
The hypocrisy of everyone involved, from the mainstream media to Tim Cook and Hillary Clinton, should nauseate every American. What is happening before us is just wrong.