Apple - Google News: Apple Avoids $9.2 Billion in Taxes With Debt Deal - Bloomberg

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Apple - Google News
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Apple Avoids $9.2 Billion in Taxes With Debt Deal - Bloomberg
May 2nd 2013, 22:44


Apple Avoids $9.2 Billion in Taxes With Debt Deal
Bloomberg
If the funds had come from Apple's offshore cash pile of about $100 billion, the Cupertino, California-based iPhone maker would have had to pay a 35 percent tax to repatriate the money, Granovsky said. That means Apple avoided about $9.2 billion in taxes.

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