Some interesting points but a bit more research on taxation would be in order. I am not sure it is a loophole that allows Apple and other US multinationals to avoid paying US taxes on profits earned outside the US. The US is fairly unique in believing that it has the right to tax profits on sales made outside the country. Most countries in the world have a territorial corporate tax system so the US is out of step in thinking that it can tax outside earnings in the first place regardless of whether or not they are repatriated