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Forum Post: Apple On Repatriating Their Overseas Cash Hoard

Posted 7 years ago on March 19, 2012, 10:02 a.m. EST by infonomics (393)
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.

Your thoughts, forum?



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[-] 1 points by Gillian (1842) 7 years ago

I'm no tax expert so I can't comment on Apple's motives but here's a link that may help others to understand a bit more about this topic: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/11/21/BUIJ1M2635.DTL&ao=all

[-] -1 points by foreeverLeft (-264) 7 years ago

Like George Soros, Warren Buffett and Nancy Pelosi all wealthy Americans and companies pay as little tax as is legal. Buffett's company has been in a billion dollar dispute with the IRS since 2007, still fighting it.

I very much doubt any of you pay a nickel more than your are required why should Apple?