Toshiba Japan just got caught cooking the books.
I wonder how many accounting wizards Apple has in its employ. The books are probably kept in India; do you think the SEC would spend money investigating? They need to investigate Trump right now. No time for AAPL.
Apple's books are kept in Cupertino. . . California, not India. Apple was investigated in 2013 by the Democrats complaining that Apple wasn't paying their fair share of taxes. . . but then Apple brought in their tax return and showed they paid ONE out of every 40 dollars in US Corporate Income Taxes paid in the USA in 2012. . . and were the number one payor of Income Taxes in California, their home state. They also showed they paid income taxes in every jurisdiction in which they do business. Oops.
Apple reports that they anticipate that next quarter their consolidated tax rate will total 26.3% on ALL Profits.