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Red is nothing more than a marketing gimmick. Apple has >$100 billion cash sitting overseas, unable to return to the USA to be distributed as dividends unless
by yapcguy 13y ago
Red is nothing more than a marketing gimmick.
Apple has >$100 billion cash sitting overseas, unable to return to the USA to be distributed as dividends unless they can successfully lobby for a tax holiday.
If the board of directors and executive leadership of Apple truly wanted to help poor people in Africa, they could simply call a shareholders's meeting to vote on a proposal to donate, as an example, on an ongoing basis 1% of offshore (ex-USA) net profit after tax to a recognised pan-African charity.