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September 4, 2016 12:00 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/YQPp6ZnQ_8o/apple-may-bring-back-billions-in-profits-to-the-us
Apple May Bring Back Billions In Profits To The U.S.
An anonymous Slashdot reader quotes a report from the San Jose Mercury News:Apple CEO Tim Cook says the company plans to bring back billions of dollars in profit to the U.S. next year. Cook's statement, made during an interview with RTE radio Thursday, contradicts his previous public statements on the issue: He has said for years that U.S. corporate taxes are too high, and that the Silicon Valley company wouldn't be repatriating profit until its home country changed its tax code. "Right now I would forecast that we repatriate next year"Cook said, saying that the company has "provisioned several billion" for that purpose. An interesting side-note: Apple accounts for 40% of Silicon Valley's profits.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/YQPp6ZnQ_8o/apple-may-bring-back-billions-in-profits-to-the-us
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