4 ms·
Can you correct me if I'm wrong but now Apple can repatriate some of it massive overseas cash hoard and offset it against the $450M fine without attracting any
by xchaotic 11y ago
Can you correct me if I'm wrong but now Apple can repatriate some of it massive overseas cash hoard and offset it against the $450M fine without attracting any tax on it as it is a loss.
technically their balance books will be $450M worse off but they wouldn't have been able to use that money anyway without attracting a high tax on it.
is that correct?
- delinka 11y agoI'm pretty certain they're taxed on the money simply because it crosses a border. It's not treated as revenue which can be offset by expenses.