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Apple Saves $9.2 Billion By Going Into Debt

May 3, 2013, 09:47 AM

http://www.cultofmac.com/226105/apple-saves-9-2-bi...

Apple just sidestepped a $9.2 billion tax bill by financing part of a $55 billion stock buyback with debt rather than using its offshore cash. The sneaky trick means the U.S. government is unable to bill the Cupertino company for tax on the deal, which is said to be the “the biggest corporate offering on record,” according to Bloomberg.

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