"registered basically nowhere" != "moving its HQ to China" Registration is a matter of paperwork. Incorporation is a legal fiction. IKEA is a Swedish company f

"registered basically nowhere" != "moving its HQ to China" Registration is a matter of paperwork. Incorporation is a legal fiction. IKEA is a Swedish company for all intents and purposes, except tax liability. Taxation isn't the essence of Swedishness. If Apple did some legal magic and moved its company registration to Sweden (and paid any and all due taxes in Sweden), it still wouldn't make the iPhone a Swedish product (to the extend the iPhone claims a nationality, which is doesn't really, so it's not a great comparison).