[webXL]

Seems simple enough, but money is changing hands throughout the production process. Apple and its suppliers' wages are taxed. What's left over is taxed when spent or invested for a return.

Given the leviathan tax systems out there, it's no wonder tax havens exist in the first place. Before judging this activity as unethical and shifting the tax avoidance to some other place though, governments really need to perform a cost-benefit analysis of their tax laws and make it clear to companies what's expected from them in return for access to their market.