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Like the other comment says, there's a lot of "Hollywood accounting" style misdirection going on with subsidiaries in one country paying subsidiaries in another
by ubernostrum 10y ago
Like the other comment says, there's a lot of "Hollywood accounting" style misdirection going on with subsidiaries in one country paying subsidiaries in another country paying subsidiaries in another country paying subsidiaries in another country... until finally the money ends up in the Caymans and Apple can claim they didn't realize a profit in any jurisdiction that charges tax on profit.