The West wants chunks of Apple
From our UK edition
Apple, the world’s friendliest technology company, stands accused of tax avoidance. The fashionable corners of Fleet Street, bless them, are appalled. Isn’t Apple supposed to be in the good business? What gives? Mr Steerpike bumped into one of the late Steve Jobs’ former lieutenants not so long ago, and he provided an explanation. There was a time when Microsoft was driving Apple into the dirt and the company nearly went bust. Apple, he said, remembers its unhappy past and hoards cash under the mattress. This is why the company is sitting on cash reserves of £67 billion in Nevada.