I’m not a fan of the article’s title, but it is definitely an interesting read. At its core:

Taking advantage of an exemption tucked into America’s Byzantine tax code, Apple stashed much of its foreign earnings—tax-free—right here in the U.S., in part by purchasing government bonds, according to people with direct knowledge of the matter. In return, the Treasury Department paid Apple at least $600 million and possibly much more over the past five years in the form of interest, a Bloomberg review of its regulatory filings shows.

And:

Blaming U.S. companies for following the tax code, however complex or flawed, is misguided, says Richard Lane, a senior analyst at Moody’s Investors Service.

“If these companies don’t need the money in the U.S., there’s no incentive to give Uncle Sam” that money in taxes, he said. “What sane chief financial officer, who’s doing their fiduciary duties to shareholders, would pay money to some entity for no good reason? If there’s a moral issue, I’m not sure whether there’s immorality to that.”

In a nutshell, the article details that Apple is buying US Treasury bonds to park overseas earnings, while still maintaining that money as overseas.

Given the availability of this strategy, if I’m an Apple investor, I suspect I’d be upset if Apple didn’t follow this strategy.