Conspicuous by its absence from Apple's (AAPL) dividend announcement was its $64B stashed...


Conspicuous by its absence from Apple's (AAPL) dividend announcement was its $64B stashed overseas, as repatriating that cash would have required a ~30% tax hit. But the White House appears not to be shifting away from its opposition to reducing the penalty for repatriated cash, despite bipartisan support in the Senate.
From other sites
Comments (7)
  • megalobster
    , contributor
    Comments (3) | Send Message
     
    "But the White House appears not to be shifting away from its opposition to reducing the penalty for repatriated cash." -- Cannot parse! :)
    20 Mar 2012, 12:24 PM Reply Like
  • sawchain
    , contributor
    Comments (130) | Send Message
     
    Conspicuous absence? Did you listen to the conference call? That topic was specifically addressed several times. In fact, the article you linked says in the first sentence: "the company made it clear that all of the cash it plans to pay out will come from domestic sources."

     

    These "market currents" really need a by-line so someone can be blamed for negligence.
    20 Mar 2012, 12:41 PM Reply Like
  • Jon S.
    , contributor
    Comments (64) | Send Message
     
    One more in a long list of reasons why O will be punished in the Fall. O knows better than Apple what to do with their overseas cash, don't you know?
    20 Mar 2012, 12:42 PM Reply Like
  • berylrb
    , contributor
    Comments (2373) | Send Message
     
    what? all companies are penalized for repatriation not just Apple, I don't see any bias here.
    21 Mar 2012, 02:35 AM Reply Like
  • The Ugly Truth
    , contributor
    Comments (930) | Send Message
     
    "in its passion to be read"...a few shortcuts may have been made! Another Mike Daisey!
    20 Mar 2012, 12:56 PM Reply Like
  • mike946
    , contributor
    Comments (109) | Send Message
     
    The White House, in its pursuit of socialism, requires the "redistribution of wealth" (i.e.taxes) on a very large scale, under the supervision of the federal government. Obama wants to use our corporate wealth (here in the form of overseas cash accumulation) for his own visions of society. So we are unable to bring it home for stockholder dividends or buy-backs and such.
    20 Mar 2012, 02:13 PM Reply Like
  • berylrb
    , contributor
    Comments (2373) | Send Message
     
    Ha, ... I usually don't comment on such ... but this article by WSF from 2004 points out that the 2004 Repatriation Tax Holiday did not work to reduce the deficit, but it did cost 20,000 jobs (which may be sensationalized) ... but I use it to point out that the law has never been done away with, rather the government choose discriminatorily from time to time to "wave" it.

     

    http://on.wsj.com/GFQABJ
    21 Mar 2012, 02:45 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs