Thursday, May 2, 2013

How Apple Avoids A Potential $9 Billion Tax Bill

Apple will avoid a potential tax bill of up to $9 billion by using the proceeds from its $17 billion blockbuster bond issue to pay shareholders rather than bringing back cash from abroad, CNBC reports..

The technology group would have paid as much as 35 percent in tax to bring that amount of cash back into the US, according to lawyers and accountants….

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