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Apple's Move Puts Spotlight on Foreign Cash Holdings

Wall Street Journal Original article ›

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Apple has foreign cash holdings of $64 billion, as of the end of the last fiscal quarter, which increased by 82% over the prior year. Its U.S. holdings are $34 billion, increasing by 37% over the prior year. Companies that repatriate funds from overseas get credit for taxes paid overseas, but pay the difference up to the corporate tax rate of 35%. This acts as a disincentive to bring back funds.

Apple's cash holdings in foreign countries and in offshore tax havens

10/28/2010

Grouped Articles

Apple Avoided Taxes on Overseas Billions, Senate Panel Finds

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Apple CEO Tim Cook, Lawmakers Square Off Over Taxes

Wall Street Journal 05/22/2013

Europe Tackles Tax Evasion

Wall Street Journal 05/22/2013

Apple's Tax Strategy Aims at Low-Tax States and Nations

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Ireland Defends Tax Laws to Critics at Home and Abroad

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