Apple taxes May 22, 2013

Image: Wall Street Journal

Image: Wall Street Journal

Yesterday’s Senate subcommittee hearing, in which Apple CEO Tim Cook was asked to explain alleged tax avoidance measures, turned into something of a damp squib, each side effectively stating their respective positions rather than engaging in any head-to-head debate … expand full story

Apple taxes May 3, 2013

Sums done by Moody’s Investment Services (via Bloomberg) confirm reports that Apple’s approach of borrowing the $100b needed to fund its stock buy-back and dividend plans will result in massive tax savings, estimated at $9.2B … expand full story

Apple taxes April 26, 2013

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 … expand full story


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