Not all of Apple's untaxable billions are overseas. Some are held right here in the U.S., protected because the accounts are foreign owned. Welcome to the tax-shelter island otherwise known as Manhattan.
Apple’s $100 billion in overseas cash is just part of the nearly $2 trillion in U.S. corporate funds that are beyond the reach of the IRS. What difference could that money make if it was brought home?
Apple and Samsung both reported quarterly earnings last week. Today we hear from the company that makes many of the gadgets they sell — Taiwanese tech giant Hon Hai, or as we know it, Foxconn.