Re: He has a point, actually
>It's not quite that simple. Much (most?) of the cash is held offshore where it has not been taxed.
Not yet - but EU, US, China and others are making moves towards recovering the tax they're owed. Don't think there's any doubt now that the 2012 1.9% tax rate they paid in Eire for EU was really just a down payment - if it was retrospectively upped only to 10% they'd owe $ 4 billion plus interest.