Apple avoids billions in corporate taxes, states all their practices are legal and ethical

Each year Apple -- an many, many other tech companies -- manages to avoid billions in corporate taxes around the world and across the U.S. They do this by setting up offices and funneling money to tax-friendly places like Ireland and Reno, Nevada. Even though Apple's corporate headquarters is in Cupertino, California, having offices to collect profits and invest money in countries and state with little or no corporate tax, they legally hang on to vast amounts of profit each year.

Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/apR-rlMqyUE/story01.htm

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