4 ms·
You're partly correct but here's an overview of what's really going on. The money is "brought back" (if it even left) into segregated accounts in the US. Most
by redis_mlc 6y ago
You're partly correct but here's an overview of what's really going on.
The money is "brought back" (if it even left) into segregated accounts in the US. Most of that US off-shore money is in New York to avoid currency risks, etc. Then those accounts are used as collateral (if needed. I doubt if anybody says to Apple, "Where's your collateral?") for loans.
Also, the biggest money havens in the world are 2 US states, with special privacy laws. All those guys playing games in Panama, etc. were better off just using US state tax shelters.
- demadog 6y agoWhich states are those?
- wolco2 6y agoDelaware to incorporate and East Texas to file patents?
- redis_mlc 6y agoNo, those states have well-understood roles, though East Texas is diminishing in importance because of the notoriety. There's a couple of states that quietly hide money, nothing to do with any useful purpose to the public.
- gscott 6y agoSouth Dakota is one
- blueblisters 6y ago> The money is "brought back" (if it even left) into segregated accounts in the US. Most of that US off-shore money is in New York to avoid currency risks, etc. Then those accounts are used as collateral (if needed. I doubt if anybody says to Apple, "Where's your collateral?") for loans. This is super interesting. stupid question perhaps: does Apple have the reserves to move a small currency if they decide to convert their cash all at one go?