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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 Well I just read the arti
by craigching 13y 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 13y agoI read it too fast. You're right it is right there... thanks