Every fall the internet and its resident tech mumblers congregate for The Apple Event, a quasi-pagan streaming-video rite in which Tim Cook boasts of just how much money his company is making (a lot) and just how much good it’s introducing to the world (this typically involves a new iPhone). This is merely annoying most years; but in 2016, when Apple is loudly, publicly denying its tax obligations around the world, it’s just gross.

Today’s iteration of the ritual, which spanned roughly two hours and included about five minutes of news, began with a rundown of some very large numbers: Apple’s streaming music service has over 17 million paying subscribers, its App Store has topped 140 billion downloads, and that store’s revenue is double that of its Google counterpart. After a brief preview of an upcoming Super Mario game for the iPhone, sure to be a revenue blockbuster, Cook segued into a spiel about the importance of education and the necessity of providing proper resources to students. His solution: a new version of iWork, Apple’s productivity software suite, that allows for multiple kids to edit the same document at the same time. It seems unlikely this will make a substantial difference in the quality of education for children around the world — particularly in countries where public schools are underfunded because companies like Apple deliberately avoid paying taxes.

Apple, despite (or more likely, because of) its recurring status as the most valuable company in the history of capitalism, funnels a huge portion of its profits overseas, particularly to Ireland, in order to avoid paying its fair share at home in the United States. This year, the company has come under fire from the EU for failing to pay what it should even in the zone where it’s stashing its profits — the European Commission has demanded a $15 billion payment from Apple over unpaid Irish taxes, a sum Ireland is actually refusing to accept for fear it will lose its coveted status as Apple’s unscrupulously convenient money dump. Meanwhile, the United States is condemning the EU’s ruling because it’s also battling Apple for unpaid taxes — it has apparently not occurred to either party that Apple is so unfathomably cash-rich that it could satisfy its tax obligations on two continents at once.