Article Humour Video Blog Audio Industry News Site News Tutorial Press Release Events
Apple Saves $9.2 Billion By Going Into Debt

May 3, 2013, 09:47 AM

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.

© 2007-2022 Ver. 3.0 All Content created and posted by Art of the Guillotine users Art of the Guillotine graphics, logos, designs, page headers, button icons, scripts, and other service names are the trademarks of Art of the Guillotine Inc. Use of this material outside of this site is strictly prohibited.