That is ridiculous... I don't ALWAYS do anything. Anyone can look through my posting history to verify. Please Swordmaker tell us where is the vast majority of the $270 Billion dollars stored. It is not like this is a big secret... this has been going on for a long time. This is one more good example of you accusing others of being misleading when you are the one who has very little if any allegiance to “ACCURACY”.
You act like a bully much of the time, and your posts are often very misleading.
“Apple CFO Luca Maestri said during the company's conference call with analysts on Tuesday that $230.2 billion of its cash — 94% of it — was being held overseas.”
http://money.cnn.com/2017/02/01/investing/apple-cash-overseas/index.html
“And Apple has increasingly stashed away its cash overseas for tax purposes. Apple CFO Luca Maestri said in February that $230 billion of its cash was held abroad.”
http://money.cnn.com/2017/05/01/investing/apple-cash/index.html
“May 1, 2017 - Update: Apple confirmed that its cash reserves now sit at $256.8B. Apple's cash ... More than 90% of Apple's cash is held outside the USA.”
https://9to5mac.com/2017/05/01/aapl-cash-reserves-amount-value/
Talk about "misleading". . . my post to which you are responding had absolutely nothing to do with what bank or country Apple was holding its liquid assets in, so why should I even address it?
That was not my point.
My point had everything to do with your deliberate and I think underhanded implications that Apple was holding and perhaps hiding MORE cash than they were legally reporting, something they were REQUIRED TO REPORT, WHERE EVER THEY WERE HELD. In fact, fireman15, I did indeed touch on the fact it mattered NOT where those liquid assets were held in that US Securities and Exchange Commission report.
For all your flurry of historical links, fireman15, SO WHAT? I was NOT challenging the fact that Apple's cash was off-shore, a fact I have posted on FR many times. . .and not trying to hide or obfuscate at all.
No, fireman15, I was challenging your completely specious innuendo that Apple was holding more than the ~$270 Billion that Apple had reported just two days ago.
You pulled that completely false innuendo out of your nether regions and just tossed it out there with ZERO evidence to leave it festering in the minds of readers. Admit it, fireman15, you don't have any evidence that Apple has MORE than the $270 billion, do you. You made that claim up, didn't you? If you do have evidence, POST IT!
Here is a link to Apple's 2017 10-K, the SEC filing for the fiscal year. . . read it, and understand it. FIND THAT EXTRA CASH!
Get a clue, fireman15. I've read it all.
Nothing in your current reply containing links to past data from the Apple Financial Calls from February 1st and May 1st referring to where Apple's cash may or may not be held rebuts the current figure of ~$270 BILLION which was also reported by Apple CFO Luca Maestri on November 2nd 2017 showing the GROWTH of that cash. Why would you even think it would? I bet you did not listen to those Financial calls, did you? I did. I posted the recaps on FR, just as I did for this Thursday's call.
Your reply was just a triple blizzard of out-dated data that has NOTHING to do with today data and rebutting nothing I posted: Luca Maestri also reported on Thursday the amount that is currently held off-shore. But, fireman15, WHERE it held is irrelevant to the total amount which is the important and accurate data.
But also it is not held there, as you imply, just because of tax reasons. . . as if the fact is somehow important the way you put it:
"More than 90% of Apple's cash is held outside the USA"
Then I find it interesting that you chose to cite CNN's Left Wing echo of the Democrat take on the reason Apple keeps its cash out of the US:
“And Apple has increasingly stashed away its cash overseas for tax purposes."
CNN's use of the phrase "stashed away" is used deliberately to imply to CNN viewers that Apple had sent it's profits AWAY from the US. . . choosing to not tell the truth that Apple had never brought those profits HOME in the first place! You've blindly accepted that false-to-fact mischaracterization and are adopting it as your own when you post that quotation.
You are therefore deliberately Implying for other FR readers that Apple somehow chose to nefariously TRANSFER those earnings offshore "away" from the USA to avoid taxation. The fact is, fireman15, Apple has already paid ALL US income taxes due and payable on those funds legally held overseas WHERE THEY WERE EARNED.
The fact is, however contrary to CNN and YOUR implication, these earnings were not transferred abroad—as your innuendo surreptitiously implies for the uninformed reader—they just cannot be transferred to the United States without incurring a punitive 35% TRANSFER tax that is charged by ONLY TWO COUNTRIES ON EARTH for patriating out-of-country, already income-taxed earnings of their citizens and businesses.
The only other country which has such a backward tax policy is Niger, a landlocked African dictatorship, which has ZERO multinational corporations that headquarter within its borders to incur such a tax. Even Niger's tax to repatriate money earned abroad is not as punitively high as the USA's tax.
Tell us, fireman15, would you voluntarily bring YOUR money—money that you've already paid income tax on—into the USA if you had to give more than one-third of it to government just for the privilege of doing so? If so, please tell us why you would do such an insane thing.
This entire post of yours is your attempt to re-direct the issue away from your innuendo to somehow again be about me and my failings, not your methods of debate. It is an entire deflection by ad hominem attack. I am really quite amazed.
You started with the innuendo of hidden cash, then you escalated to innuendo of tax evasion through stashing profits abroad to avoid US taxes. . . you're always assuming Apple is operating in a"shady" pattern and looking for non-existent evidence from others who assume the same.
Facturds such as that "more cash" tossed off claim and reposting of well known, long factually debunked, agenda-driven myths as facts and repeated strawman mischaracterizations of what my arguments are actually about, like this one, are why I cannot take anything you post as truthful or any of your claims about the history at face value.
That is the kind of "always" I am referring to in your posts. You do it. Always. Repeatedly.