I've read about Apple, Inc. clever tax schemes before but I never got a real sense of how much bullshit was involved.
Apple’s Web of Tax Shelters Saved It Billions, Panel Finds
By NELSON D. SCHWARTZ and CHARLES DUHIGG
Published: May 20, 2013
NY Times
Congressional investigators found that some of Apple’s subsidiaries had no employees and were largely run by top officials from the company’s headquarters in Cupertino, Calif. But by officially locating them in places like Ireland, Apple was able to, in effect, make them stateless — exempt from taxes, record-keeping laws and the need for the subsidiaries to even file tax returns anywhere in the world.
Over all, Apple’s tax avoidance efforts shifted at least $74 billion from the reach of the Internal Revenue Service between 2009 and 2012, the investigators said.
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Apple and Steve Jobs widow are big on liberal immigration laws. Drives down wages they have to pay you see. Increases their wealth 3% or so.
Yup - those HB-1 Visas can save tech companies about 70% in salary
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