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Apple's overseas cash reserves grow to the whopping $74 billion

0. phoneArena posted on 10 Jul 2012, 08:14

By now you probably already know that Apple is the world’s biggest company in terms of market value, but it’s also got the biggest overseas cash reserves of all US tech firms…

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posted on 10 Jul 2012, 15:40 1

31. jmoita2 (Posts: 930; Member since: 23 Dec 2011)

And why did saint Jobs decide to hide the money overseas to begin with??? If I reneg on paying my taxes, do i get to try and convince the President to get me a huge discount on what I owe??? Tax cheats, specially those who out of pure greed hide their money overseas belong in prison.

posted on 11 Jul 2012, 16:09

34. remixfa (Posts: 14605; Member since: 19 Dec 2008)

saint jobs? lol. your off your rocker. the man was anything but. Even the worst kind of person makes a good point once and a while.

Its not cheating your taxes. Get over it. The system was set up by rich politicians who like to grandstand about the "evil rich" and "paying their fair share" while making dozens of loop holes so that never actually happens. There are more millionaires and billionaires on the democrat side than the republican. Do your homework. The lawyer's lobby group donates nearly 100% of all their lobbying money to democrats. the biggest tax offenders all donate to or ARE democrats. They are also many of the same people that demagogue against "evil rich greed". The entire time Hillary clinton was running agaist Obama and talking about Exxon's "obscene profits", she was personally investing tons of her own money into them and made millions from it and their donations to her.

Quit LISTENING to politicians, and start actually paying attention to what they are doing. Every time they talk about a new corperate tax or closing a loophole, it hurts US the regular people more than it hurts them.

Common sense. They are NOT going to actually pass laws that hurt THEM. Every time they pass a law, they add 5 more loopholes to get out of it, or like the Obamacare bill, they completely exempt themselves from it in the bill.

posted on 10 Jul 2012, 15:42 2

32. InspectorGadget80 (unregistered)

yes instead of taking every Android manufacturer out to court wasting money and also taking some Android ideas

posted on 10 Jul 2012, 15:32 1

30. The_Godfather (Posts: 196; Member since: 26 Apr 2012)

They got this much because of stupidity of people

posted on 10 Jul 2012, 17:35 1

33. strikercho (banned) (Posts: 156; Member since: 20 Mar 2012)

I really wonder why doesn't Apple just buy all the bunch out there: Shamshung, Giggle, Sony, Nokia etc. and finish with all these trials. They can afford it and will still have cash remaining. :)

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