News for hackers. Stuff that matters.

A comment on Apple surpasses Saudi Aramco to become the most valuable company. Parent comment

Re:Apple surpasses Saudi Aramco to become the most valuable ... by vishnugupta on Friday July 31, 2020 @05:43PM (#24014539)
Indeed, some of it is in banks in tax havens such as Ireland and Singapore. They are also in the form of US treasury bills bought through their offshore entities in the same havens. So I guess at least some money does make it back to the US ;-)
[ Parent | on HN ]
Re:Apple surpasses Saudi Aramco to become the most valuable ... by nwellnhof on Friday July 31, 2020 @05:58PM (#24014682)
The cash (or other short-term investments) could even be held in US bank accounts owned by non-US subsidiaries of Apple.
[ Parent | on HN ]
Re:Apple surpasses Saudi Aramco to become the most valuable ... by vishnugupta on Friday July 31, 2020 @06:05PM (#24014765)
For sure! With this offshore thingy one could create a mind bending structure to trap tax authorities in an infinite loop trying to trace the origin.

I was completely ignorant about this menace until I started reading couple of books to educate myself —- Treasure Islands and Moneyland...recommend them both.

Since then I just use the term offshore to encompass any of those hundreds or so possible structures.

[ Parent | on HN ]