Senate proposal could allow Apple to repatriate $178B foreign cash, but unlikely to passIf 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="
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Senate proposal could allow Apple to repatriate $178B foreign cash, but unlikely to pass
