Apple Inc (AAPL)

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Apple sidestepped a 2013 crackdown on its controversial Irish tax structure by moving the majority of its offshore cash holdings to the small island of Jersey, a self-governed territory with loose ties to the United Kingdom, according to leaked financial documents obtained by The New York Times and BBC.
The so-called Paradise Papers, primarily sourced from offshore tax law firm Appleby, reveal that Apple's two key Irish subsidiaries were managed from Appleby's office in Jersey from 2015 until early 2016. Apple chose Jersey after exploring several potential tax havens, such as Bermuda and the Cayman Islands
Apple turned to Jersey after European officials began to crack down on the so-called "Double Irish" tax structure Apple had exploited.

The "Double Irish" tax loophole allows for multinational corporations to funnel revenue through an Irish subsidiary, which in turn sends that money to another Irish subsidiary that has residency in a tax haven. In a nutshell, the practice has enabled Apple to save billions of dollars in taxes around the world.

The European Commission found Apple paid between 0.005 percent and 1 percent in taxes in Ireland from 2003 through 2014, compared to the country's headline 12.5 percent corporate tax rate.