And I said to this group, draw a line around the territorial jurisdiction of the United States because it was clear that all of these atolls were really about coral reefs.

NPR: Plans for Hawaiian Monument Laid in 1999

Like other U.S. companies, Apple pays an extreme tax penalty for bringing its foreign profits home to invest in the U.S. This is due both to the punitive U.S. tax rate and the fact that the U.S. is virtually alone in refusing to embrace a territorial tax system that applies corporate income taxes only in the jurisdiction where the money is earned.

WSJ: Review & Outlook: The Apple Tax Diversion