Apple pays only 1% to 7% tax on overseas income, via “the Paradise Papers” and Süddeutsche Zeitung (Germany’s biggest newspaper). File Under: Another example of bogus “corporate social responsibility.” Alternative file under: Another example of why Milton Friedman was right: firms exist to maximize their profits.
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I have criticized Apple before. Apple wants us to believe that they are this marvelous progressive company, but its new multi-billion dollar spaceship Campus doesn’t even have a single day-care center…