So as to Zero Hedge’s insistence that we don’t know anything about what Apple is doing with Apple’s cash I think we can refute that. For of course the company, Braeburn, that Apple uses to manage said cash is a subsidiary of Apple. And thus appears, consolidated, in Apple’s accounts. So if we want to know what Braeburn is doing we should go and read Apple’s accounts.
And as to the tax accountant telling us that not even the IRS knows what’s happening in Nevada. Apple does file with the IRS so it’s rather likely that they do get this information. If not, of course they can just read Apple’s accounts like the rest of us. Because that is where you expect to see a corporation’s accounting for its cash: in the accounts.