Avoiding taxes

Apple is known for its creative products because former CEO Steve Jobs.  In the business world Apple is known as one of the most profitable companies in the world because of CEO Tim Cook.  Cook became CEO because of his mastery of Supply Chain Management.  I will talk about him more later in the semester.

On my flight back from the US I saw this newspaper:

Being the world's second largest Multi-National Corporation (MNC), Apple is able to book profits in countries that have friendlier tax laws.  This is a nice way of saying that Apple avoids paying taxes in the US, Europe, and most of Asia by claiming that a large share of its profits come from Ireland.  Ireland decided years ago to have tax laws that are very friendly to businesses.

We will talk about this later in the semester when we discuss how companies decide where to locate their business.