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it's still the law of the land. an individual U.S. citizen that earns income abroad still owes U.S. federal income taxes. corporations are granted legal personhood and so are responsible for their taxes in the same way an individual person is.

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An individual that owns shares in a foreign corporation does not owe taxes on any income the corporation generates, unless the income is distributed as a dividend or through capital gains recognized when selling the shares.

It's the same for Apple, it's just more convenient for them to structure their overseas activity as an overseas corporation, than it is for most natural persons. (And they got a sweet tax deal from Ireland)

It would actually be like if I started an overseas corporation, gave it my laptop, and rented myself my work computer for 90% of my income each year, then wrote that off my taxes as a business expense.

Or maybe you should consider the flip side, this law is fundamentally abusive and immoral, and should neither apply to corporations, nor individual citizens...

off topic. we can debate the law until we're blue in the face, but it really only matters if Congress is debating the law, not you and I.

the reality right now is that that is the law and corporations based in the U.S. go to great lengths to avoid their legal tax burdens.

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