Apple rips off the tax man....

The author contends that Apple's wealth is largely the result of complex, multi-national tax avoidance schemes. Particularly interesting is that the notion of "offshore" money refers to its legal status, not necessarily where it was earned or where it's invested.

Quote:

Most people probably think of Apple as a tech company, but equally important to its existence is its creative power to avoid taxation. Indeed, Apple may more aptly be described as a tax-dodging enterprise posing as a tech company. That’s because Apple's business, soup to nuts, is the protection of their capital. It is their North Star, their morning brunch and evening rest. In November 2017, Apple's cash hoard totaled $252 billion, 94 percent of it held offshore. The corporation has benefited from public investment and public credulity: almost all of the technology in your iPhone was developed by taxpayer-funded research. Apple has repaid the public’s faith by working with Trump and the GOP to give us the recent tax overhaul — a pure piece of class war.

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via International Skeptics Forum http://ift.tt/2CRAw4p