#5 Most of the $102 billion profit  is kept in ‘overseas’ U.S. banks

Just as Apple’s Irish companies are managed by U.S. employees, Apple’s Irish cash is mostly kept in U.S. financial institutions. This is largely managed by Braebum Capital (Apple’s financial engineering nexus in Nevada).

#6 Check-the-box makes whole companies disappear

The whole idea with regards to check the box is that it allows companies to instruct the government not to consider certain foreign subsidiaries for tax purposes. AOI which is Apple’s main subsidiary checks the box for its entire world wide distribution network. This is how the company has avoided paying $12.5 billion in taxes that have been assessed by its group of global distributors for foreign sales.

#7 Finally, Apple is known to be bad at estimating its own taxes

According to the annual reports between 2009 and 2011, the company stated that it had set aside $13.7 billion to pay federal taxes but was found to actually pay $5.3 billion. Those set aside were advance estimates. But what was even more suspicious and strange was that each year they earned more millions of dollars.

Therefore, Apple’s actual U.S. tax rate is only 20.1 percent, which is much lower than the 24 percent and 32 percent it was paying. 

Read: Samsung, Google Gain On Apple In Brand Value, Customer Satisfaction

Also read: Apple CEO Faces Senate Panel On Tax Issues