Most people haven't given the real reason this is happening. https://www.ft.com/content/789e69f6-e1ea-11e7-a8a4-0a1e63a52f9c https://www.ft.com/content/789e69f

Most people haven't given the real reason this is happening. https://www.ft.com/content/789e69f6-e1ea-11e7-a8a4-0a1e63a52f9c https://www.ft.com/content/789e69f6-e1ea-11e7-a8a4-0a1e63a52... If it's behind a paywall the interesting part is: > Senate and House leaders unveiled the final version of their tax reform legislation on Friday, putting the Republicans on the cusp of delivering tax cuts of close to $1.5tn. As part of the package they will impose a 15.5 per cent one-off tax on offshore cash, coupled with an 8 per cent levy on less liquid assets, a Republican aide said. So the tax plan didn't convince Apple to repatriate it's money because the tax rates were amazing. The tax plan is causing Apple to pay 15.5% taxes anyways, so since it's being forced to pay taxes on it they might as well use that opportunity to move a lot of that cash to the US where it's more usable for them. Chances are after this Apple (and all other megacorps) will go right back to storing cash off seas waiting for their next chance for another free chance to move money to the US.