U.S. Tax Code Keeps Apples Far From Their Tree
by Grant McBundy
Categories: Business, Economy, Featured, Tax News, Tax Policy, World
How the tax code stupidly prevents companies like Apple from spending $1.2 trillion in the U.S.
The death of Steve Jobs last October hasn’t slowed down Apple very much: sales for the new third generation iPad have already broken records, the company has debuted a (possibly) new logo featuring a groovy, retro-flecked rainbow apple, and CEO Tim Cook announced plans to spend almost half of its $100 billion cash hoard on issuing its first dividend since 1995 and buying back up to $10 billion in shares.
Though Apple has consistently proven a bright spot amid the generally gloomy economic news of recent years, even it is not immune to the havoc so often wreaked by our labyrinthine and … Read more...