Reply to post: Re: Apple meet Corer

Leaked: The UK's secret blueprint with telcos for mass spying on internet, phones – and backdoors

Anonymous Coward
Anonymous Coward

Re: Apple meet Corer

"Apple has a quarter of trillion in cash in non US jurisdictions."

Right. But in recent years, Apple has borrowed huge amounts of money in the USA (by issuing bonds), and in not many years time, people who bought those bonds will want their money back. The two topics are rather closely related.

2013: https://www.forbes.com/sites/timworstall/2013/04/30/with-all-of-apples-cash-why-is-it-issuing-bonds/#3dce9bab5bad (worstall?)

2016: http://www.dailymail.co.uk/news/article-3451420/Apple-s-latest-tax-avoidance-ruse-Tech-giant-issues-12bn-bonds-doesn-t-money-low-tax-offshore-havens-pay-dividends.html

"* Apple announced it issued $12billion in bonds despite a huge cash reserve

* Scheme is reportedly to ensure they don't pay US tax on profits abroad

* The tech giant has $215billion in the bank - more than the US Treasury

* The company now has a total of £37billion in long term debt despite its reserves"

2017 (if paywalled, go via Google):

https://www.ft.com/content/2f8315b8-018c-3d1a-827e-eacfb5334649

etc

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