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