4 ms·
IIRC Apple is borrowing hundreds of billions to pay as dividends/buybacks because it's cheaper to pay interest than it is to pay taxes on money earned overseas.
by ProfessorLayton 7y ago
IIRC Apple is borrowing hundreds of billions to pay as dividends/buybacks because it's cheaper to pay interest than it is to pay taxes on money earned overseas.
- javagram 7y agoThey were doing that but I believe this is not something that makes sense any longer. The TCJA passed by the republicans got rid of the tax system that was causing the problem and switched the USA to a territorial income tax system like other countries have. https://www.taxpolicycenter.org/taxvox/explaining-tcjas-international-reforms https://www.taxpolicycenter.org/taxvox/explaining-tcjas-inte... > The TCJA’s international reforms are significant. Combined with the reduced corporate rate, they largely eliminate the incentive for US firms to accrue assets overseas, while seeking to protect the tax base from avoidance by both US and foreign-based multinationals.