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07-10-2012, 12:04 AM #1
Apple's $74 Billion Cash Overseas Leads Tech Companies in U.S.
A report recently released by Richard Lane of Moody’s Investors Service shows that Apple leads a list of technology U.S. companies holding overseas cash with roughly $74 billion, up from $64 billion in December and $35 billion at the end of 2010.
Lane cited SEC filings as well as his firm’s estimates and said U.S. tech companies contribute roughly $227.5 billion to a total of $457 billion in overseas cash held by American corporations at the end of the first quarter of 2012. If you exclude Apple’s $74 billion contribution overseas, cash rose saw a year-to-year increase of 15% for the March quarter, but if you include Apple’s assets, the number jumps to roughly 31%.
The next company behind Apple with a large amount of money overseas was Microsoft, coming in with $50 billion, followed by Cisco with $42.3 billion. The others in the top 5 included Oracle coming in at $25.1 billion and Qualcomm coming in at $16.5 billion. The top ten U.S. tech companies now own 83% of all offshore cash for the sector, up from the 74% it was at just five years ago. Here, only companies holding combined cash and liquid assets above $2 billion were taken into account as part of the report. It isn’t a surprise though with Apple’s success to see the company leading the list.
07-10-2012, 09:14 AM #2
That's bull crap. If that money was kept in America, then wouldn't be in such a dire situation economy wise. The rich always get richer.
07-10-2012, 10:11 AM #3
i agree partly with you and tim cook has say it he wishes he could build here in USA, but its just not a reality, with the mind set of the workers and the economies.
07-10-2012, 01:13 PM #4
I would put a stop to that fast. 25% tax on all imports and watch how fast they come back. Prices may go up, but unemployment will drop drastically.
07-10-2012, 08:56 PM #5
07-10-2012, 09:46 PM #6
Lol at some people. There is more to it than " 'MERICA needs it's jobs back." This is talking about the money it earned/has from other regions of the world it makes.
And Apple's money being in America will not change the situation in America. Nor would all these companies. The tax on it would only be a drop in the bucket. Plus most these companies want to bring the money back to America but the current tax for bringing money back is stopping them. They would be taxed more than once just to bring it back on money that has already been taxed.