It Doesn’t Matter Whether It’s Actually Illegal. In Fact, It’s Actually Worse Because It’s Probably Legal.
A Senate investigation has revealed that between 2009 and 2012, Apple avoided paying taxes on $44 billion in profits that it earned offshore. Where the corporation did pay taxes on its offshore earnings, it paid at a much reduced rate. Taking advantage of low corporate tax rates in Ireland, it made that country the base–at…