This made me laugh....

Between 2009 and 2012, Apple legally avoided U.S. taxes on at least $74 billion through a web of offshore subsidiaries more complex than financial experts said they have ever seen before, according to a report by congressional investigators. Some of the offshore entities had no employees and were run directly from Apple's headquarters in Cupertino, Calif. "Apple successfully sought the holy grail of tax avoidance," said Sen. Carl Levin. "It has created offshore entities holding tens of billions of dollars while claiming to be tax resident nowhere."


-from the CFA Institute