Apple taps markets for record $17bn funding

[dipsydoodle]

Source: BBC News

Computer giant Apple is asking investors for $17bn (£10.9bn) to help fund extra payouts to shareholders in the biggest ever bond issue by a non-banking company.

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This is an unusual exercise as Apple is borrowing lots of money when - rare for a technology company - it has $145bn in cash sitting in the bank.

Most of that money, though, is sitting in accounts outside the United States and will be liable for US taxes once it is repatriated.

Read more: http://www.bbc.co.uk/news/business-22361840

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What would the tax be on the $145bn if repatriated ?

[former9thward]

1. The corprorate tax rate is 35%.

So they would pay $51 billion.

[dipsydoodle]

4. Fuck !

That's outrageous. Not the tax rate - what they're doing.

[Laelth]

2. k&r for exposure. n/t

-Laelth

[Fuddnik]

3. Shut their products out of the country.

I'll never buy anything they produce again.

Fuck 'em

[corkhead]

5. F'n greedy tax dodgers

Apple wouldn't exist without things (like the Internet for just one example) that were created by or provided by the US government.

[NoMoreWarNow]

6. so, to be clear-- they are issuing these bonds so they don't have to dip into

all the cash they have, since it would be taxed?

[Orrex]

7. I'm glad that Apple is doing this, instead of Microsoft

Because, you know, if Microsoft did it, it would be all evil and wrong and stuff.

[Politicub]

8. Apple needs to get its shit together

And I say this as someone who went Apple crazy with an I-everything after being a PC person forever.

I think they're doing a lot of these financial maneuvers to offset something that's coming. Or more likely, something that's not coming since everyone is waiting for Apple to bring out some cool new products or do something revolutionary with its existing products.

[ForgoTheConsequence]

9. they're all the same.

Apple is just good at the illusion of progressiveness.

[marmar]

10. Tax dodge anyone?