Apple introduced its largest iPhone ever and a new line of watches that can detect heart problems and advise consumers on how to dodge taxes.
The iPhones XS, XS Max, Xr and Apple Watch 4 can alert users to loopholes and openings in different countries’ tax laws to minimize their own obligations.
Consumers will be advised on how to stash their funds in subsidiaries incorporated in the Channel Island of Jersey, 12 miles off the coast of Normandy, France, and therefore creating a scenario where they have no home country for tax purposes.
Jersey has a zero percent tax rate for foreign subsidiaries.
The iPhone and Apple Watch advises users to say they are “preserving tax payments”, not “reducing tax payments”.
“Repeat after me,” Siri says, “There was no tax benefit for me from this change and, importantly, this did not reduce my tax payments or tax liability in any country.”