The mega-valuable company that makes your laptop is under congressional scrutiny this week for offshore tax-dodging. It all started in 1980, when Apple's California execs moved their operation to Ireland with a fake company with the codename "Waldwill Limited."

Tim Cook's grand scheme to avoid American corporate tax rates was just revealed as a little more absurd, with a new report by the New York Times. The (Californian) company is using (Irish) dummy companies to funnel cash to (Manhattan) bank accounts.