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That is precisely what they are doing. Read my comment below about repatriation.
by nodesocket 9y ago
That is precisely what they are doing. Read my comment below about repatriation.
- adventured 9y agoApple never said they were bringing that cash back. They still have never said that. I've read every PR piece they've put out about this, and everything Cook has said about it - not once have they said they're bringing that pile of cash back. They said they would invest $N hundred billion in the US over N years. That almost entirely consists of payments to US suppliers / manufacturers, which comes out of operational cash flow; along with employee base expansion. Who knows how much of the cash they'll repatriate, or when. They might not have even decided on that yet, the ink is still fresh on the tax changes.
- nodesocket 9y agoActually contrary to what you may have heard from the HN outraged, they are infact bringing cash back; repatriating from foreign accounts. Multiple news agencies reported this, I'll just link to the Fortune[1] article. [1] - http://fortune.com/2018/01/18/apple-overseas-cash-repatriation-gop-tax-plan/ http://fortune.com/2018/01/18/apple-overseas-cash-repatriati...
- matwood 9y agoHeck, Trump even said it in his SOTU.
- pertymcpert 9y agoWhy do you say wrong things?