Duh, except Apple isn't paying that foreign income tax. Apple, which has some 6,000 workers in Ireland, says its Irish units paid the parent company a licensin

Duh, except Apple isn't paying that foreign income tax. Apple, which has some 6,000 workers in Ireland, says its Irish units paid the parent company a licensing fee to use the intellectual property in its products. The Irish companies didn't own the IP, so they don’t owe tax on it in Ireland, Apple says, but the units will face a U.S. tax bill when they repatriate the profits. Apple expects to pay about 26 percent of its earnings in tax for the most recent fiscal year and has set aside some $32 billion to cover taxes it says it will face should overseas income be returned to the U.S. That day will never come.