Posted 3 years ago on March 19, 2012, 10:02 a.m. EST by infonomics
This content is user submitted and not an official statement
Statement by Apple On Repatriating Their Overseas Cash Hoard ($60 billion)
Repatriating cash from overseas would result in significant tax consequences under U.S. law," Apple CFO Peter Oppenheimer said. "We have expressed our views to Congress and the administration. We think current tax laws provide significant disincentive to U.S. companies that would otherwise repatriate the significant cash they have on hand.
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