Apple dodges $59.2 billion tax bill by holding cash overseas

[HCK]

Apple dodges $59.2 billion tax bill by holding cash overseas

<p>Apple is holding more cash overseas than any other corporation in the U.S. and it’s paying off big time by helping the company avoid an estimated $59.2 billion tax bill. Of course, Apple’s not alone in holding massive amounts of cash overseas. A new study released today found that the 500 largest companies hold more […]</p><p>(via <a rel="nofollow" href="http://www.cultofmac.com">Cult of Mac - Tech and culture through an Apple lens[/url])</p><br clear='all'/>

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Source: Apple dodges $59.2 billion tax bill by holding cash overseas