$206,000,000,000

[matt819]

I read yesterday that that's the amount of money Apple has in cash. Cash. Think about that. Almost none of it in the US, and, presumably, almost none of it taxed in the US.

If Apple were a country, it would be the 12th largest in terms of cash reserves. (http://data.worldbank.org/indicator/FI.RES.TOTL.CD?order=wbapi_data_value_2014+wbapi_data_value+wbapi_data_value-last&sort=desc_)

[underpants]

1. Don't fart in an Apple store

They don't have Windows

[closeupready]

2. So that means if Bill Gates were a country, he'd be 24th largest

in terms of cash reserves?

[matt819]

3. I guess so.

Except that $60 billion figure probably figures in stock holdings and real estate as well as cash holdings. The article I read said that $206 billion is cash.

Even at a 1% interest rate, those cash holdings are roughly growing at the rate of $5.6 million per day.

[LiberalArkie]

4. As long as there are places like Ireland and the Camen Islands that have extremely low

tax rates, it will continue. I think the only thing to do is if a corporation sets up a shell company to operate in a another country, it is taxed there and can not ever be moved to another country. What you would have is Apple having an operation being taxed in Ireland and maybe having 100 billion in the bank just sitting there and could only be used to buy and pay for stuff for that operation.

It would get ridiculous pretty quick. Most of these corporations don't pay enough taxes anyway, you can look at their profits. Paying the U.S. taxes on the overseas income would not hurt at all, but would help them at home.