Not quite. Apple's Irish entity owns the IP for non-US sales only. US sales fall under Apple Inc and are not subject to IP transfer, royalty or licensing and th

Not quite. Apple's Irish entity owns the IP for non-US sales only. US sales fall under Apple Inc and are not subject to IP transfer, royalty or licensing and therefore attract the full tax rate. Minus whatever incentives apply of course. What's actually happening is that Apple (and other companies using this system) are paying significantly less tax in countries outside the US where they operate. This arrangement arguably benefits the US government, as it makes US-based companies stronger at the expense of the rest of the world's tax revenues.