In Ireland, a company must be managed and controlled in the country to be a tax resident. Under US law, a company is a tax resident of the country in which it was established.
The subcommittee said Apple's strategy of not declaring tax residency in any country could be unique among corporations.
"Apple wasn't satisfied with shifting its profits to a low-tax offshore tax haven," Senator Carl Levin, the subcommittee's chairman, said in a statement.
The subcommittee report also noted that Apple has been setting aside billions for tax bills it may never pay.
As previously reported by the AP news agency, the overlooked asset that Apple has been building up could boost its profits by as much as $10.5bn. http://www.aljazeera.com/business/2013/05/201352165831522483.html
[WS:] Yet another reason to hate Apple - not only sweat shop drivers but also the largest tax dodger.
-- Wojtek
"An anarchist is a neoliberal without money."