Why Apple Just Invested in Wind Turbines In China (cnn.com)

An anonymous reader quotes CNN Money: Apple's latest deal in China doesn't have anything to do with smartphones. The tech giant is investing in the Chinese wind power industry, turning to the world's most populous country to help it achieve its goal of getting 100% of its energy from renewable sources. The iPhone maker struck a deal this week to buy a 30% stake in three subsidiaries of Goldwind, China's biggest wind-turbine manufacturer... it's Apple's largest clean energy project to date and the first of its kind in the wind power sector, Lisa Jackson, vice president of Apple's environment initiatives, told state-run newspaper China Daily...

Environmental group Greenpeace has warned that electronics manufacturing uses a lot of energy in China, drawing on the country's high number of polluting coal power stations. Apple's moves into renewable energy are an attempt to compensate for this... The new wind project will add 285 megawatts of clean energy to China's grid, which Apple says will offset some of the other sources used by its operations and those of its immediate suppliers Foxconn, Lens, Catcher and Solvay.

Comments

Re:Because "bad" taxes

[sabri]

No other country on earth tries to collect taxes on extraterritorial transactions.

Not true. A lot of countries tax business income from entities that are registered within its borders.

If a business is headquartered in, let's say Dublin, then Ireland gets to collect taxes on any income (profit, depending on the local laws) on the worldwide income of that business.

This is what is happening a lot, and this is how companies keep their taxes low. They create legal entities in tax-friendly companies, and divert income there.

The U.S. does not tax businesses for income out of foreign entities. It does tax natural persons, citizens and lawful permanent residents, on their worldwide income.