22 May 2013TaxVox:
Just imagine if Apple could replace all those tax lawyers with creative new software geeks or industrial designers. It might win back some of the market share it has been losing to Android in recent years.
I recommend reading the article to get an understanding of how Apple’s tax structures are set up (spoiler: the same way every multinational does) but the closing remarks are off-base, because Apple is not resource constrained financially. They can afford tax departments and comfortably afford as many software engineers and designers as they please. Many companies are hurt by broken tax code, but large international organisations are not the primary beneficiaries of policy reform.