This just caught my eye – why because I was trying to make sense of why a company with over 100 billion ‘in the bank’ would want to borrow money …..
The statutory corporate income tax rate is quite high—35 percent—so it turns out to be cheaper to borrow the money and pay interest than to repatriate cash and pay taxes.
Yeah, that’s insane. Luckily, this Apple situation will put a whole new light on the matter.
…. of course !!!
Read the full article :: Going Into Debt Will Help Apple Avoid Taxes