Comment Re:Did they break any laws? (Score 1) 716
If you read the paragraph quoted, the Senate’s complaint is basically that Apple gives its international earnings to its international subsidiaries which put it back into supporting their international operations. Congress would rather they bring all that money home so the US can tax it. Not only is what Apple is doing not illegal, it’s completely logical on Apple’s part. If you earn money overseas and you plan to spend it overseas, why are you going to bring it back into the US parent corporation for it to get taxed? Especially when you already paid taxes on the money in the countries where you earned it.
There seems to be a subtext here that Apple is doing something complicated, when in actuality it’s as simple as leaving their overseas earnings in their overseas subsidiaries.