The Fed keeps interest rates at nearly zero percent, it's cheaper to borrow. Although Apple is sitting on $145 Billion in the bank, they save $9B dollars by going into debt for $17B. They're borrowing the $17B to pay their investors dividends. What corporate board of directors would not take this option if their #1 fiduciary responsibility is to their stockholders?
Corporations moving money off-shore is legal, and it shouldn't be. The laws have got to change.
Apple seems to be in headlines as if they're gaming the system … but where have the headlines been since the mid-80s for every other corporation that actually does game the sytem. Just like Apple being in the headlines for using cheap labor in China while every other tech company does exactly the same. Why is it only with Apple the Wall Street Forbes crowd always find their moral compass?
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