Apple’s stock buyback will cut its tax bill by more than the cost of the borrowing (AAPL)

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Washington Post columnist Allan Sloan observes that Apple’s plan to buy back $60b of its own stock will reduce the company’s tax bill by more than the cost of the loans it will take out to fund the share repurchase program.

If you’re wondering why a company with a cash balance of $145b would need to borrow $60b, it’s all about tax … Read more