[c517402]

A product has its components fabricated in east Asia, is assembled in east Asia, sold in Europe, and the profits from the sale are held in Europe. Somehow you consider this “illegally offshoring money”. Somehow you think the US government deserves 34% of these profits. Apparently, the spirit of the law being violated is that the US government has the right to stick it’s nose in anyplace in the world it wants and extract rent.

At a physics conference Wolfgang Pauli heard a talk that was so misguided that his comment was that “it wasn’t even wrong.” IMO your comment isn’t even wrong.

[revelation]

I don't think the US government deserves 34% of these profits, but some country out there does. Make it point of sale, if you want.

But right now that money isn't taxed at all. That money is what the Irish subsidiary owes Apple US for the license to Apple IP. So the Irish subsidiary isn't paying taxes on it, and Apple isn't paying taxes on it in the US because they are refusing to "bring it home".

That is why Apple is lobbying so hard for some sort of "tax holiday". They want to pay 0, nada tax on those overseas profits.

You seem to be missing this little detail.