Apple avoids billions in taxes

Apple is now the world's most valuable publicly traded company ahead of energy giant ExxonMobil. The media was reverential towards Apple co-founder Steve Jobs when he died last October. He was treated as a Godlike figure.  Now we are being told how his company manages to legally avoid or sidestep billions in taxes by using subsidiaries in Ireland, the Netherlands and other low-tax nations as part of a strategy that enables the technology giant to cut its global tax bill by billions of dollars each year.

The New York Times on Sunday outlined legal methods used by Cupertino, California-based Apple, to avoid paying billions of dollars in federal and state taxes. One approach highlighted in the report: Even though the company is based in California, Apple has set up a small office in Reno, Nevada to collect and invest its profits. The corporate tax rate in Nevada is zero. In California, it's 8.84%. http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html

When Jean-Louis Gassée (executive at Apple Computer from 1981 to 1990) was asked about his thoughts on the Apple logo, he answered: "One of the deep mysteries to me is our logo - the symbol of lust and knowledge, bitten into, all crossed with the colors of the rainbow in the wrong order. You couldn't dream of a more appropriate logo: lust, knowledge, hope, and anarchy."

"Thou shalt have no other Gods before me". Exodus 20:3 (Deuteronomy 5:7, Judges 6:10, Hosea 13:4)