2 ms·
The amount of stupidity in this article is startling. There are plenty of legitimate and common sense reasons for why Apple would keep much of their overseas e
by taligent 14y ago
The amount of stupidity in this article is startling.
There are plenty of legitimate and common sense reasons for why Apple would keep much of their overseas earnings overseas. There are financial reasons e.g. minimizing wasteful forex conversions. There are legal reasons e.g posting collateral for court cases or tax disputes. There are logistic reasons e.g. having money on hand to make it easier to acquire companies or hire new stuff.
If Apple really wanted to avoid paying taxes then they are plenty of ways they could do this. But they DO pay taxes. Just not US taxes for non-US revenues.