Austerity, Apple and America: what we all learned this week
APPLE is the sexiest company on planet Earth. Its tax affairs are in the spotlight both because of Apple's sheer size, and also because political posturing against semiconductor companies would fall flat in the media.
Apple, like almost all multinational companies, uses the different taxation systems of the world to make the most money for its shareholders.
No one is suggesting Apple did anything illegal in trying to pay as little tax as possible. For example, recently Apple sold bonds worth $17bn (€13.2bn) in the world's largest corporate debt sale to cash return for shareholders.