England is full of apples

Orchard at Monk's House, Rodmell, east Sussex

The tales of Granny Smith

Google Apple

Apple's $179 billion cash pile (growing by $15 billion or so a quarter and more than the US Treasury can lay its hands on) is managed by a wholly owned entity quaintly named Braeburn Capital Inc. - sweet, crisp and juicy: eater friendly.

Braeburn is incorporated in the state of Nevada, an internal US tax haven which, with Texas, has the distinction of being one of the only two states of the Union that has no information sharing agreement with the US Internal Revenue Service. Apple's tax liability for Braeburn could be no more than $200, but we cannot know.

See Zero Hedge, but best avoid the comments.