Quartz: American Lawmakers Will Put Their Rubber Stamp on American Profit Shifting

“If there was not that exception, every time Apple paid royalties to its Bermuda subsidiary or Cayman Island subsidiary for using the Apple logo, and every time the Irish subsidiary paid those same royalties for using the Apple logo, it would immediately be taxable in the US,” says Rebecca Wilkins, the senior tax counsel at the Institute on Taxation and Economic Policy.