Apple Inc., the multinational technology company headquartered in Cupertino, California, is in the news because of its tax deals with Ireland. This news comes on the heels of similar investigations of Google, Starbucks, and other large corporations. A study released in October 2015 by Reuters revealed five hundred big US firms hold $2.1 trillion in profits overseas to avoid paying US taxes. These profits mean a loss of $620 billion to the US Treasury. Apple alone holds an estimated $200 billion offshore.

While this practice sounds craven and unpatriotic to US taxpayers, it is a perfectly legal practice under international law and trade agreements. It is smart business, and it is puerile to believe companies don’t have an obligation to their stakeholders to pay as little tax as legally        READ MORE AT