Could Knowledge Workers Avoid Taxes - Apple Style?

Tax Avoidance for the Rest of Us?

Could knowledge workers use a similar tactic employed by Apple to avoid US taxes?

Knowledge workers sell their collective knowledge to a union in Ireland to which they pay hefty fees out of their earnings.

The union owns their offices, cars and houses to which they pay a tax deductible rent. The union pays out annually to its US members in Ireland. They can recirculate the money in Europe or bring the balance back for U.S. taxation.

See how Apple dodges taxes on $74 billion in revenue.

Visual Daily: The One Graphic that Explains Apple's Tax Blarney

How Exactly Does Apple Avoid Taxes?

[Announcing: OSX Mountain Blarney - Source Code Algorithm]

1. Create Fake Company - Apple Operations International (AOS) - in Ireland where corporate taxes <2 b="" nbsp="">and "sell" U.S. Apple's Intellectual Property to AOS. 

2. AOS charges Apple US massive licensing fees for most Apple products sold.

3. Manage "Irish" AOS Company out of Nevada as Braeburn (Apple) Management (seriously!)

4. [Money actually stored in NY branch of Irish bank.]

5. Circulate overseas sales revenue to another fake Irish company - Apple Sales International (ASI)

6. Pay no taxes on $74 billion

Note: Also explains the disappearance of rainbow from original Apple logo.

Coming next: Global Tax Avoidance Strategy for Today's Knowledge Worker