It Doesn’t Matter Whether It’s Actually Illegal. In Fact, It’s Actually Worse Because It’s Probably Legal.

ACADEME BLOG

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 least for tax purposes–of some of its vast international operations. But, Ireland’s corporation-friendly 12% tax rate wasn’t low enough. So Apple used its leverage to arrange a special tax deal in Ireland and pays just 2% on the profits that it earns through Apple Sales International.

But that’s just proverbial the tip of Apple’s tax avoidance iceberg.

It turns out that Apple Operations International, which has accounted for more than 30% of the company’s total profits—an estimated $30 billion between 2009 and 2012–does not have a tax status in any nation. So, the billions of…

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