ST Alpha - "Apple has $74 Billion stashed overseas, not paying US Corporate taxes -- (link)" (Reading a Post)

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Apple has $74 Billion stashed overseas, not paying US Corporate taxes -- (link)

Posted by Strongbad (aka Rambler14) Jul 24 '12, 05:30

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it minimizes these by using various accounting moves to shift profits to countries with low tax rates. For example the strategy known as "Double Irish With a Dutch Sandwich," routes profits through Irish and Dutch subsidiaries and then to the Caribbean. (abcnews.go.com)

Responses:

I wonder how much they spend finding ways to avoid taxes - znufrii Jul 24, 06:17 4
- [deleted] 2
  - right. billions, with a "b"... -- nm - znufrii Jul 24, 06:26
  - yeah I had $50-$100 Mil in my head for straight tax professional fees (as an estimate) - Beaker Jul 24, 06:25
- no where near the same. That is why so many companies pay firms to lower/prevent the paying of taxes -- nm - Beaker Jul 24, 06:20
It also has $74 billion stuck overseas because of US tax rules. - spamlet (iPhone) Jul 24, 06:12 3
- [deleted] 2
  - Okay. It's not economically feasible. -- nm - spamlet Jul 24, 06:23 1
    - [deleted]

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