Posted on 04/29/2014 1:29:00 PM PDT by dila813
Apple will raise $12 billion in debt, paying a 0.77 percent premium over Treasuries on the component 10-year notes. The offering will contain seven parts, with maturities ranging from three years to 30.
Apple’s recently enlarged shareholder return program is not cheap. By raising a fresh $12 billion via bond issuance, Apple is not forced to bring home foreign cash reserves, a process that the company previously stated would “incur significant tax consequences.”
(Excerpt) Read more at techcrunch.com ...
Try to find an Apple employee who DIDN’T Vote For OBONGO????????????????????????
If there is a tax law there is a tax loophole and a smart CFO will find it.
It’s not Apple’s fault — they’re just doing what they have to do, to avoid the consequences of a very bad tax law. Fix the U.S. tax code, and you’ll see the end of these problems.
The U.S. tax on foreign corporate earnings is driving head offices overseas. More here:
I know several here in Texas. Contrary to what you may think, Apple employees are not a monolithic political entity.
It is unfixable. It needs to be done away with and replaced with the fair tax or flat tax.
Kill it, bury it, and never let it be seen again!
> Going into debt to avoid taxes at a cheap interest rate, brilliant...
Thanks dila813.
And more to the point, it’s irrelevant. :’)
Pfizer is buying AstraZenica and moving its corp HQ to Britain for similar reasons.
Any big business that can’t get a “waiver” from the Dems is looking at similar strategy.
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