“There is a technical term economists like to use for behavior like this,” said Edward Kleinbard, a former staff director at the Congressional Joint Committee on Taxation. “Unbelievable chutzpah.” - NYT

The New York Times

The nation’s most profitable technology company has avoided tens of billions in taxes through a web of subsidiaries so complex it spanned continents and surprised experts.

“There is a technical term economists like to use for behavior like this,” said Edward Kleinbard, a former staff director at the Congressional Joint Committee on Taxation. “Unbelievable chutzpah.”

Apple Avoided Billions in Taxes, Congressional Panel Says

www.nytimes.com

Though the company is the nation’s most profitable technology company, it avoid taxes by making some of its units “stateless,” and exempt from taxes everywhere.