Submitted by Kl--------k t3_12115vx in nottheonion
AurumArgenteus t1_jdm8qy2 wrote
Reply to comment by Namika in Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy by Kl--------k
Don't forget Ireland, holder of many US corporate patents for some reason. Perhaps Apple can tell us why... Ireland has super low corporate taxes so Apple Ireland owns the IP, but they don't do anything, instead Apple licenses the IP from themselves for huge sums lowering their domestic profits, lowering total taxes, and increasing total after-tax profit.
And the Cayman islands and probably tons more less overt ways. Like housing, a ton of AirBnB places are actually just foreign investor properties used to hide/move money.
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