Explaining Apple’s Irish Tax Dodge
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May 24 (Bloomberg) -- The outrageous part about AppleInc.’s audacious tax strategies isn’t whether they are legal.They may well be. More upsetting are the ruses and contrivancesthat Apple used to pull them off.
Consider an Apple subsidiary called Apple OperationsInternational, which was spotlighted at a U.S. Senate hearingthis week. Its net income accounted for 30 percent of Apple’sworldwide profit from 2009 to 2011. Apple Operations isincorporated in Ireland. It is managed and controlled in theU.S. Yet Apple says the unit isn’t a resident of either country-- or any country. So it paid no corporate-income taxes.