Sign up FAST! Login

Apple building up $10B+ tax warchest

Stashed in: Apple, Republicans

To save this post, select a stash from drop-down menu or type in a new one:

I wish I could afford to buy Apple stock!

While investors might rejoice if Apple suddenly added $10.5 billion to its profits, unilaterally erasing a massive U.S. tax obligation could tarnish its reputation as a relatively responsible payer of U.S. taxes. Instead, the company is lobbying to change U.S. law so that it can erase its liabilities in a less conspicuous fashion. The issue has become part of the presidential campaign.

If you could spend $10 million to save $10 billion, wouldn't you?

That's just good business sense.

Any new news on this front? 

You May Also Like: