Quote:
Originally Posted by rowan
Don't Apple have something like 100 billion dollars cash on hand?
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Yes and they can't repatriate it all for fear of paying tax on it.
Unfortunately, in most countries, Governments have been very slow in enacting tax reform to keep up with all these off shore mechanisms for tax minimisation.
Google bills out billions of dollars outside the US yet pays very little tax in any jurisdiction it operates in, Microsoft and Apple are the same.