Re:Apple now holding more cash than USA
by apress on Friday July 29, 2011 @11:07AM
(#2822168)
Again, this is not because of ordinary sales outside of the US. This is a purposeful effort to reduce the amount owed in US taxes on activity in the US (and other "high" tax countries).
[ Parent
| on HN ]
here's another good explanation
http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-sho...