Apple’s Been Moving Offshore to Avoid Sharing

Apple’s green-inspired initiativesRecently, Apple CEO Tim Cook told “right wing” investors to ditch their shares if they didn’t support Apple’s green-inspired initiatives. According to attendees at the company’s annual meeting, Cook became visibly upset when questioned by a right wing think tank/shareholder.

Since Cook has taken over leadership of Apple, he has been instrumental in committing the company to curbing its environmental impact. Cook has made pledges to try to use 100% renewable energy, and has tried to scale back on the mining of conflict minerals in places like the Democratic Republic of Congo (DRC).

So, all around kudos for the U.S. tech giant, right? Well, maybe not so fast. Agence France Presse (AFP) is reporting that Apple seems allergic to taxes, claiming that the behemoth has, over the past decade, shifted nearly AUS$9 billion (US$8.1 billion) in untaxed profits from its Australian operations to a “secretive” company in Ireland via Singapore.

Don’t get me wrong… I am far from judging anyone for not wanting to fork over money to any government zealots. But I do take a peculiar enjoyment in pointing out those—especially corporations—with a knack for talking out of both sides of their mouth. It would appear that Cook might have more in common with his right wing shareholders than he believes.

For more on this story, click here to head over to AFP.

  • Mad Money

    Yes, and the new FATCA will somehow completely miss the Corporatists, and come after me for my 50K in the bank. This is how it works in the US and they’ll set the same system up outside it for the rest of the world.