I remember reading Apple has to pay 35% taxes on its offshore accounts once it starts transferring them to the U.S.A. So I would like to ask the question: “How much did they actually save?”. Not much, it seems. Sounds like the biggest ponzi scheme in history. If anyone made money there, it was the banks.

Worldwide taxation scheme:

Base income: no tax. Above: Rates to be determined.

Corporate tax: tax on profits.

Tax on assets.

© Koos Swart 2013