Wednesday, March 21, 2012

Forget John Galt, where's his 60 billion

Overseas. Where it will stay until the US revises it's corporate income tax code..............

Apple made an aggressive pitch for a corporate tax holiday Monday, stressing that it plans to keep more than $60 billion parked offshore until Congress makes it easier for companies to bring those profits home.

The warning from the nation’s most valuable company came as Apple announced it would pay a dividend to shareholders and buy back stock, moves that will cost about $45 billion over three years.


Who needs any of that cash?

More......

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