This, just in...

from 'Blogging via Typewriter'

ABC NEWS: "Like other companies, Apple typically keeps profits on overseas sales in overseas accounts. When someone buys an iPad in Paris or Sydney, for instance, the profit stays outside the United States. Apple may pay some corporate income taxes on that profit to the country where it sells the iPad, but it minimizes these by using various accounting moves to shift profits to countries with low tax rates. For example the strategy known as 'Double Irish With a Dutch Sandwich,' routes profits through Irish and Dutch subsidiaries and then to the Caribbean." →

From now on  we'll just call these sort of shenanigans, 'The Mitt Maneuver'


Well said!