Apple- taking a shark's bite out of its taxes, and out of its obligations

Here's How Much Money Apple Avoids Paying In Taxes By Pretending It's Based In Ireland - Yahoo Finance: "Nonetheless, it uses Ireland's tax laws to its advantage: Apple places certain corporate assets in Ireland and uses them as a pivot for international transfers that lower its taxes. In one example, a U.S. Senate subcommittee found that an Irish Apple entity named "ASI" was, in fact, the company that actually sold iPhones internationally:

In the case of Apple, ASI purchased finished Apple goods manufactured in China and immediately resold them to ADI or Apple Singapore which, in turn, sold the goods around the world. ASI did not conduct any of the manufacturing – and added nothing – in Ireland to the finished Apple products it bought, yet booked a substantial profit in Ireland when it resold those products to related parties such as ADI or Apple Singapore

But how much tax does Apple actually avoid when it does this? A lot, it turns out.

In 2012, Apple's "foreign base sales income" was about $25 billion, according to the Senate report, and it avoided paying $9 billion in taxes on that income:"



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