This is what you get when you have 70,000 pages of Title 26, the Internal Revenue Code, plus additional rulings that
ENCOURAGE the type of "offshoring" activities the
New York Times so much dislike. And you wonder why 70% of Apple's liquid asset holdings are sitting in
offshore banks.
It's time to admit that our income tax code is broken and we need to start all over again by eventually going to the taxation system I suggested in my tagline.