When you ’re a ship’s company as big as Apple , save on tax bills is important — specially when they ’re in the million . Fortunately its team of accountants has just managed to save it a cool $ 9.2 billion .
The illusion — I think we can call it a trick — demand finance a $ 55 billion stock buyback using debt instead of offshore immediate payment . That means that the US governance is unable to charge for tax on the deal . The bond offering , accord to Bloomberg , is the “ biggest incarnate offering on track record ” .
If the cash had been taken from Apple ’s offshore monetary resource — which amount to around $ 100 billion — the troupe would have had to pay a 35 percent tax to repatriate the money . But Apple does what it can to avoid tax — and in fact it only stumps up about 1 out of every 40 dollars in corporate income tax to the US .
Still , it ’s knotty to gnarl too much : Apple is still one of — if not the — magnanimous corporate income tax payer in the nation . [ Bloomberg ]
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