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Title: Apple Saves $9.2 Billion By Going Into Debt For $55 Billion Post by: HCK on May 03, 2013, 03:00:05 pm Apple Saves $9.2 Billion By Going Into Debt For $55 Billion
Apple just sidestepped a $9.2 billion tax bill by financing part of a $55 billion stock buyback with debt rather than using its offshore cash. The sneaky trick means the U.S. government is unable to bill the Cupertino company for tax on the deal, which is said to be the “the biggest corporate offering on [...]Related StoriesThis Dead 21-Year-Old Programmer Has An Apple Logo On His TombstoneJ.P. Morgan: The ‘Budget’ iPhone Would Kill Samsung’s U.S. Smartphone Marketshare In 12 MonthsGrand Theft Auto: Vice City On Sale For The First Time On iOS, Now Just $1.99Apple Highlights Top 25 All-Time Free & Paid Apps On iOS5S Snaps Cuter Selfies And Tim Cook Wins At Secrecy On The CultCast http://feedproxy.google.com/~r/cultofmac/bFow/~3/bHVIo1l_CUc/story01.htm |