Apple's cash hoard swells to $246B

Re:Apple's cash hoard swells to $246B by eridius on Sunday April 16, 2017 @03:09AM (#14124767)

> Apple has a whole bunch of money sitting overseas that it has not paid taxes on.

To clarify: they haven't paid US taxes on it. They've paid whatever taxes are levied by the foreign countries they're operating in, but the US also double-taxes that same money if it's brought back into the US.

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Re:Apple's cash hoard swells to $246B by kilotaras on Sunday April 16, 2017 @03:32AM (#14124811)

I may be wrong but my understanding is US taxes the difference between foreign and domestic tax rates.

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Re:Apple's cash hoard swells to $246B by DanielBMarkham on Sunday April 16, 2017 @08:30AM (#14125546)

Also once they pay tax (again) on it to get it into the U.S., it gets taxed a third time if they distribute it to the shareholders.

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