Comment Re:Double Irish (Score 1) 825
Not exactly true, most countries have a "tax on foreign income" requirement.
Here (Canada) we have this: http://www.cra-arc.gc.ca/tx/nd...
The question becomes how much of the "income" was earned in the US vs what is "foreign" and earned by the foreign entity?
Isn't apple known for paying large royalties to its "IP Owner" which is a small two man operation in Ireland? In which case Apple USA never makes any money because Apple Ireland has a large royalty fee.
If you want to "fix" this, tax corporate income the same way you tax individuals income.