By John Lawrence
Apple Corporation is sitting on $178 billion in cash, and it literally doesn't know what to do with it. But it knows one thing: it doesn't want to give any of it to Uncle Sam or any other taxing jurisdictions around the world. That much is clear.
If it divided that money up, Apple could give $550 to every man, woman and child in the US. It's enough money to buy Ford, General Motors and Tesla combined and still have $41 billion left over.
They could even buy a couple of small countries, but it doesn't want to do that. Why bother? It's literally an embarrassment of riches.
↧