Quote:
Originally Posted by epitome
I've read quite a few articles in the last few days saying more than half is sitting offshore due to tax consequences of bringing it onshore.
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They do... but it's not because of taxes. Those articles are pure bullshit, moving money around for investments and taking the write off for it, is nothing for a corp like apple. At that, having an international U.S. bank account is normal, they still claim that revenue, pay tax on it, etc... they just don't move it here.
A corp with enough liquid cash here, simply has no reason to bring more over - even more so when they aren't spending more than they have.
Even if the tax was zero, the banks will collect a fee... no logical business person is going to move billions over (even if it's already taxed or tax free), just to pay a "bank tax" when they have more money than they're already spending.