Apple's tax dodge

[marmar]

(CNNMoney) Instead of using its own cash hoard to reward shareholders, Apple plans to go into debt for the first time ever.

Apple CEO Tim Cook said late Tuesday that the company will double the amount it returns to shareholders through share buybacks and dividends by 2015, but will "access the debt market" to pay for it.

Borrowing money seems odd for a company like Apple (AAPL), which has $144 billion in cash. But more than $100 billion of that is overseas. If Apple were to try to bring that cash back to the United States, it could be taxed at the top corporate tax rate of 35%.

And that doesn't sit well with Apple. .......................(more)

The complete piece is at: http://buzz.money.cnn.com/2013/04/24/apple-debt-repatriation-taxes/

[denem]

1. Apple pays a tax rate of 26%.

(just for the records). $55 billion of the cash is being returned to shareholders via a share buy back.

[DainBramaged]

2. The Apple spokes mouth strikes again

hiding behind a DU membership is shameful.

[denem]

3. It is the day after the quarterly results.

You won't find a fanboi history during my time at DU.