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The article fails to mention while they have huge sums in the bank, it is overseas so they can't bring it back without paying taxes. It ends up being cheaper t
by gscott 14y ago
The article fails to mention while they have huge sums in the bank, it is overseas so they can't bring it back without paying taxes. It ends up being cheaper to borrow money in the United States then to re-patriate the money from offshore.
- craigching 14y ago> The article fails to mention while they have huge sums in the bank, it is overseas so they can't bring it back without paying taxes Well I just read the article and I was pretty sure that's exactly what it said. Maybe I'm misunderstanding what you're saying? EDIT: For reference, straight from the article: "By raising cheap debt for the shareholder payouts, Apple will also avoid a potentially big tax hit. About two-thirds of Apple’s cash — about $102 billion — sits overseas in lower-tax jurisdictions. If it returned some of that cash to the United States to reward its investors, the company could have significant tax consequences."
- gscott 14y agoI read it too fast. You're right it is right there... thanks
- Samuel_Michon 14y agoIt was mentioned in the article: “By raising cheap debt for the shareholder payouts, Apple will also avoid a potentially big tax hit. About two-thirds of Apple’s cash — about $102 billion — sits overseas in lower-tax jurisdictions. If it returned some of that cash to the United States to reward its investors, the company could have significant tax consequences.”