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WI Badgers take $832 Million bite out of Apple

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Less than a Billion, that is pocket change for Apple.

I suspect they will leave the cash they earned overseas in whatever accounts it is in and not have to touch it.

It does amaze me how much some companies, Apple being one of them, have in cash holdings. I know some of it is fear of the business climate so theey are holding tio look for stability. But damn! Apple has something around $180 BILLION in CASH holdings. They could literally buy the entire Disney empire and still have cash left over. They could buy either Visa or Mastercard and keep a couple bank vaults sealed.
 

road squawker

Active member
GOLD Site Supporter
Less than a Billion, that is pocket change for Apple.

I suspect they will leave the cash they earned overseas in whatever accounts it is in and not have to touch it.

It does amaze me how much some companies, Apple being one of them, have in cash holdings....

IRELAND just lowered their Corporate tax rate to 6.5% for R & D.

http://www.onenewspage.com/n/Front+Page/7559xwtin/Ireland-Reduces-Corporate-Income-Tax-Rate-To.htm

who in their right mind will pay the U.S. @ 35% when that option is available?
 

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
IRELAND just lowered their Corporate tax rate to 6.5% for R & D.

http://www.onenewspage.com/n/Front+Page/7559xwtin/Ireland-Reduces-Corporate-Income-Tax-Rate-To.htm

who in their right mind will pay the U.S. @ 35% when that option is available?
And Bernie Sanders wouldn't rule out a 90% tax rate.

But given the choice, nobody in their right might will pay more than they have to pay. And that is why socialism & soft socialism tends to breed underground economies, be they raising chickens and 'illegally' selling eggs to your neighbors without charing a VAT tax in England, or trading professional services for good, or offering customers 'cash' discounts that somehow forget to be run through the cash register.

So yeah, Apple is not going to repatriat their money when it will cost them more than a 1/3rd of every dollar they bring back to the USA.
 
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