They Should Be Proud and More Power to Them! Apple’s Tax Strategy Aims at Low-Tax States and Nations

WE DESERVE OUR FAIR SHARE OF YOUR MONEY

They are reinvesting money and building cash and equity in the company. They are not wasting it as the State and Federal Government Does. Their control over as of of their money as possible is put to much better uses than any damn fool lazy, self aggrandizing bureaucrat could ever do!
At least they haven't been quite as loud mouth hypocrites as Warren Buffet has been.
The following, typical self-serving and interminable, article from the socialist leaning Times is an attempt to be a negative exposé of Apple's tax avoidance, but it end up being a guide and good example for the rest of us. m/r

Apple’s Tax Strategy Aims at Low-Tax States and Nations - NYTimes.com

April 28, 2012

How Apple Sidesteps Billions in  Taxes [MORE POWER TO THEM]

By CHARLES DUHIGG and DAVID KOCIENIEWSKI

RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby.

Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states.

Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those gains.

California’s corporate tax rate is 8.84 percent. Nevada’s? Zero.

Setting up an office in Reno is just one of many legal methods Apple uses to reduce its worldwide tax bill by billions of dollars each year. As it has in Nevada, Apple has created subsidiaries in low-tax places like Ireland, the Netherlands, Luxembourg and the British Virgin Islands — some little more than a letterbox or an anonymous office — that help cut the taxes it pays around the world.

Almost every major corporation tries to minimize its taxes, of course. For Apple, the savings are especially alluring because the company’s profits are so high. Wall Street analysts predict Apple could earn up to $45.6 billion in its current fiscal year — which would be a record for any American business.

Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today’s digital economy. Some profits at companies like Apple, Google, Amazon, Hewlett-Packard and Microsoft derive not from physical goods but from royalties on intellectual property, like the patents on software that makes devices work. Other times, the products themselves are digital, like downloaded songs. It is much easier for businesses with royalties and digital products to move profits to low-tax countries than it is, say, for grocery stores or automakers. 

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