4 ms·
The ratings agencies were pricing in the risk that Apple lobbyists would not be able to bribe the US Congress to allow overseas profits to be returned tax-free.
by tempaccount9473 13y ago
The ratings agencies were pricing in the risk that Apple lobbyists would not be able to bribe the US Congress to allow overseas profits to be returned tax-free.
- Samuel_Michon 13y agoTo be fair, not only Apple has been lobbying for a tax holiday, also parties like Google and Cisco. Both those companies are sitting on cash in tax havens, but I haven’t seen the market act bearish over it. http://www.bloomberg.com/news/2011-09-29/google-joins-apple-mobilizing-lobbyists-to-push-for-tax-holiday-on-profits.html http://www.bloomberg.com/news/2011-09-29/google-joins-apple-...