Matt Levine, Columnist

Apple Tax and Activist Plans

Also more activism, Bridgewater videos, a new cryptocurrency and a PAC.

August 30, 2016 at 9:05 AM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Apple tax.

A good basic technique of international tax practice is to convince Country A that your income is earned in Country B, and convince Country B that your income is earned in Country A, because then neither of them will tax it. That is essentially what Apple seems to have done in Ireland, with the tiny wrinkle that it convinced the rest of the world that its income was earned in Ireland, and convinced Ireland that its income was earned nowhere:

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