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Why would MSFT highlight the fact that the cash is coming from overseas in the PR? Is there a tax benefit to doing something like that? Specifically: Under th
by marcamillion 13y ago
Why would MSFT highlight the fact that the cash is coming from overseas in the PR? Is there a tax benefit to doing something like that?
Specifically:
Under the terms of the agreement, Microsoft will pay EUR 3.79 billion to purchase substantially all of Nokia’s Devices & Services business, and EUR 1.65 billion to license Nokia’s patents, for a total transaction price of EUR 5.44 billion in cash. Microsoft will draw upon its overseas cash resources to fund the transaction.
http://www.microsoft.com/en-us/news/press/2013/Sep13/09-02AnnouncementPR.aspx http://www.microsoft.com/en-us/news/press/2013/Sep13/09-02An...
- sseveran 13y agoIt doesn't have to pay US taxes on money overseas to fund the transaction.
- marcamillion 13y agoThat's interesting.