> A lot of Europeans (me included) are not at all happy to see massively profitable companies operating in Europe without paying practically any taxes.

From the letter, it seems Apple thinks it should be paying taxes in California rather than were the profits are coming from (the EU). Excepts from the letter: "In Apple’s case, nearly all of our research and development takes place in California, so the vast majority of our profits are taxed in the United States."

The second half of the sentence seems to be a non-sequitur, or intentional misdirection -nothing about it follows from the first half.