General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsApple still on top as U.S. corporate cash holdings reach $1.73 trillion
Apple remained the cash king in 2014, with $178 billion in cash, or 10.2% of all the cash held by U.S. corporates at year-end, Moodys Investors Service said Thursday.
Microsoft MSFT, +0.91% took second place, followed by Google GOOG, +1.24% Pfizer PFE, +0.36% and Cisco CIS, +0.59% which collectively held $439 billion in cash, according to a new study by Moodys. Overall, U.S. non-financial companies held $1.73 trillion in cash, 4% higher than the previous year.
To put it in perspective: Apples $178 billion is greater than the aggregate cash of every industry sector excluding technology and health care/pharmaceuticals, the study found.
http://www.marketwatch.com/story/apple-still-on-top-as-us-corporate-cash-holdings-reach-173-trillion-2015-05-07
TM99
(8,352 posts)given this information:
1) How much of that cash is held outside of the US?
2) How much of that cash is being taxed here in the US?
ProdigalJunkMail
(12,017 posts)profits are taxed.
sP
TM99
(8,352 posts)it was profit, and that was not taxed.
ProdigalJunkMail
(12,017 posts)i guarantee Apple is 100% compliant with tax law. if you're unhappy about the way they are being taxed then you have to get the laws changed (which might be what you're advocating for). but don't blame Apple.
sP
TM99
(8,352 posts)that abuses its position economically and legally which Apple has been doing both of in spades.
I am voting for Sanders, so maybe, just maybe, yes these legal loop holes will be removed.
Scuba
(53,475 posts)tridim
(45,358 posts)Building premium devices out of golden unicorn poop for all the hip kids to wait in line for twice a year.
BlueJazz
(25,348 posts)...are ridiculous. The new "Watch" looks like somebody wearing a domino on their wrist.
davidpdx
(22,000 posts)The smart watches are a pain in the ass in my business. As a teacher I am now having to check to see if students are wearing them because they are being used to cheat. It is a long way from the old style Macs I used in the computer lab in high school (circa late 80's).