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That money is parked overseas. Apple can't use the money for designers in California to create the next version of the iPad. Maybe that's good news for Irish
by coredog64 10y ago
That money is parked overseas. Apple can't use the money for designers in California to create the next version of the iPad. Maybe that's good news for Irish designers. If we're lucky, the next iPad ought to have little stickers all over it proudly proclaiming "Designed by Apple in Ireland, Assembled in China".
- pg314 10y agoThey could borrow in the US (and they do to finance share buybacks and dividends), while they wait for the next tax holiday [1] to repatriate that overseas money at a low tax rate. The next tax holiday will probably next year. [1] https://en.wikipedia.org/wiki/Repatriation_tax_holiday https://en.wikipedia.org/wiki/Repatriation_tax_holiday