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Title: Senate proposal could allow Apple to repatriate $178B foreign cash, but unlikely to pass Post by: HCK on January 30, 2015, 09:00:22 pm Senate proposal could allow Apple to repatriate $178B foreign cash, but unlikely to pass
If you were confused by Apple having to repeatedly borrow money to fund stock buybacks while sitting on huge cash reserves ($178B as of last quarter), the reason is that the bulk of that cash is held overseas. Apple can’t bring it back into the USA without paying 35% tax on it, so it’s far cheaper […]<img alt="" border="0" src="http://pixel.wp.com/b.gif?host=9to5mac.com&blog=22754319&post=363549&subd=9to5mac&ref=&feed=1" width="1" height="1" /> Source: Senate proposal could allow Apple to repatriate $178B foreign cash, but unlikely to pass (http://feedproxy.google.com/~r/9To5Mac-MacAllDay/~3/27apYwPNUYA/) |