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Jason Schwarz: Apple’s tax-induced selloff is over
“The technical test of resistance for Apple happened early Tuesday morning at the $570 level,” Jason Schwarz writes for TheStreet. “As Apple was trading in complete contradiction to the market over...
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Apple’s secret plan for its mountain of cash: Buying up its own supply chain
“Apple has $100 billion of cash and a lot of ways to spend it. Add more retail stores? Check. Set up more server farms to support its iCloud service? Check. Build a second campus in Cupertino, Calif....
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Luxembourg official: Apple tax strategies not cheating
Georges Schmit, Executive Director, Luxembourg Trade and Investment Office, has penned the following letter to The New Yellow… er, York Times regarding their most recent poorly-sourced Apple...
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Will Apple be next up to pay a special dividend ahead of expected U.S. tax...
Bloomberg’s Dominic Chu looks at the prospect of Apple using its cash to join the wave of companies paying one-time special dividends to avoid tax changes in 2013. He speaks on Bloomberg Television’s...
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Apple stock takes hit; company’s refusal to issue special dividend ahead of...
“The special dividend variable is quickly turning into a significant Wall Street anomaly that will have unintended consequences,” Jason Schwarz writes for Seeking Alpha. “Without a precedent it’s...
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Why Apple investors are running from the U.S. tax man
“There are many who wish to proclaim that tech giant Apple has suddenly lost its ability to innovate,” Richard Saintvilus writes for Forbes. “Really?” “Well, take it from this investors, I can most...
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Ahead of U.S. tax hikes, Apple not seen paying special dividend with nearly...
“Apple Inc. (AAPL) ’s ability to pay a special dividend, viewed by investors as unlikely, is limited because almost 70 percent of its cash is outside the U.S.,” Adam Satariano reports for Bloomberg....
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U.S. stocks fall after Speaker Boehner says spending is the issue preventing...
“U.S. stocks fell Thursday after House Speaker John Boehner declared spending to be the issue preventing a deal to avert spending cuts and tax hikes from starting in the new year,” Kate Gibson reports...
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Nasdaq slumps as Apple stock price hits 10-month low
“The Nasdaq Composite Index fell 0.62% to 2,973.68 at 3:00 p.m. EST today as Apple stock fell to a 10-month low,” Jonah Loeb reports for Minyanville. “The tech giant saw its stock price plummet 3.87%...
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Uh oh, here comes Apple’s earnings report
Here are some of the questions to this week’s Live Q&A chat from TradingWithCody.com [Cody Willard] along with a few emailed questions from Marketwatch The Cody Word readers. Q: Cody, as we all...
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Apple paid $6 billion in U.S. federal income taxes, 1/40th of all corporate...
“Congressional investigators are wrapping up an inquiry into the accounting practices of Apple and other technology companies that allocate revenue and intellectual property offshore to lower the...
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$28.5 billion at stake as Apple lobbies for U.S. corporate tax amnesty
“With the U.S. Senate reportedly finishing an investigation into how Apple and others dodge taxes, and with Apple fighting for an officially sanctioned tax holiday, it’s worth taking stock of Apple’s...
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U.S. tax hikes alone cannot explain Apple’s big selloff
“The big bullish argument on Apple in the fourth quarter of 2012 was that the near $200 drop from its high in the stock price was primarily due to tax-motivated selling,” Nigam Arora writes for...
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Apple may have already covered $42 billion of its overseas cash tax issue
“Tech companies like Apple Inc. with large piles of cash sitting overseas typically cite the large tax liabilities they would face if they repatriated any of that money to fund dividends, or make...
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Debt-free Apple plans to borrow to finance massive capital-return program
“Apple Inc. (AAPL), the debt-free maker of the iPhone, said it plans to borrow to help finance an expanded program to return capital to shareholders,” Matt Robinson reports for Bloomberg. “Apple will...
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Apple’s massive $100 billion capital return program is a perfect tax arbitrage
“As you likely know, about two-thirds of the $145 billion of cash on Apple’s books is held in overseas subsidiaries, and Apple would have to pay U.S. income tax if it used that money in the U.S.,”...
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Debt-free Apple to take on debt to avoid huge U.S. repatriation tax hit
“The most interesting part of Apple’s earnings report wasn’t its $43.6 billion in revenue or $9.5 billion in net profit. Nor was it the 37.4 million iPhones and 19.5 million iPads sold over the last...
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Apple avoids potential $9 billion U.S. tax bill
“Apple will avoid a potential tax bill of up to $9bn by using the proceeds from its $17bn blockbuster bond issue to pay shareholders rather than bringing back cash from abroad,” Michael Stothard...
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Apple, corporate taxes, and The New York Slimes
“Why would a company with billions of dollars in the bank — and no plans for a large investment — decide to borrow billions more? A decade ago, that was a question some short-sellers were asking about...
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Apple goes big on debt – and gets it right
“Years of badgering Apple to consider the virtues of taking on debt finally paid off for the investment banking industry last week – and for two banks in particular – when the world leader in consumer...
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Unlike the US tax code, Apple is perfectly rational
“Apple’s decision last week to issue $17bn in bonds has drawn attention to America’s abominable corporate tax system,” Aswath Damodaran writes for The Financial Times. “The tech giant’s first debt...
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Study: U.S. companies’ overseas earnings hit record $1.9 trillion
“Large U.S. companies boosted their offshore earnings by 15 percent last year to a record $1.9 trillion, avoiding hefty tax bills by keeping the profits abroad, according to a new report,” Dena Aubin...
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New Rumsfeld book applauds late Steve Jobs for ‘standing up to Obama’
“Tea Party and conservative constitutional groups may be the new targets of the Internal Revenue Service, but former Defense Secretary Don Rumsfeld reveals in his new book out this week that outspoken...
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Apple CEO Tim Cook to propose U.S. tax reform for offshore cash
“Apple Inc., which holds $102 billion in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country,” Adam Satariano...
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Apple CEO Tim Cook to propose ‘dramatic simplification’ of U.S. corporate tax...
“Apple chief executive Tim Cook plans to propose a ‘dramatic simplification’ of corporate tax laws when he testifies for the first time before Congress next week, just as lawmakers are considering an...
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Apple’s billions are building an empire for the future
“Given that Apple now sits on well over $144.7 billion in liquid resources, there’s lots of discussion about how the company could or should be spending it. What Apple is already doing with its cash...
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Bloomberg News’ awful reporting on Apple’s U.S. corporate taxes
“There really does seem to be a great deal of misunderstanding going on over the story about Apple’s taxes,” Tim Worstall writes for Forbes. “As an example, the number of people seeming to claim that...
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Are you paying the iTunes tax? Growing number of U.S. states find ways to tax...
“That $1.29 iTunes song or $9.99 e-book may be more expensive than you think,” Melanie Hicken reports for CNN. “If you live in one of the nearly 25 states that charge sales tax on digital goods or...
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Apple plans another massive debt sale to fuel new share repurchases, dividends
“A year after it pulled off a then-corporate record $17 billion bond sale, Apple Inc.’s plans to raise a ‘similar’ sum this year highlight strong investor demand for debt issued by highly rated...
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Apple readies blockbuster $17 billion debt sale
“Apple is preparing the groundwork for another blockbuster debt sale in the region of $17bn that could rank as the second-largest corporate bond sale of all time,” Michael Mackenzie and Vivianne...
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Why mega-rich Apple – with $150 billion in cash – has to borrow $17 billion
“A company sitting on a $150 billion cash pile planning a $17 billion bond issue to buy back its shares? It sounds like a bad joke, and Apple, the company in question, is keenly aware of it,” Leonid...
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Steve Balmer stands to gain $1 billion in tax benefits from L.A. Clippers...
“Steve Ballmer stands to gain as much as $1bn in tax benefits as a result of his $2bn purchase of the Los Angeles Clippers basketball team, helping to explain why the Microsoft billionaire paid a...
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Apple preps first Kangaroo bond; likely to set Australian corporate bond record
Australia's corporate bond market is poised for a big boost...
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Apple plans record Kangaroo bond debut
Apple has released price guidance for its debut Kangaroo bond...
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Why investors should love Apple’s debt strategy
Apple, the richest company in the world, has continued borrowing increasing amounts of money from all over the world...
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Bill Simmons: Clippers owner Steve Ballmer has shown ZERO evidence that he...
Bill Simmons, now with HBO, took to Twitter to express his views on the Los Angeles Clippers...
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How Apple’s massive debt-powered buybacks actually save the company money
I'm a big fan of Apple's strategy of financing its massive share repurchase program with debt...
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Apple CEO Tim Cook: U.S. tax reform should have been done years ago
“Tax reform is sorely needed and should have been done years ago, Apple CEO Tim Cook told NBC News’ Lester Holt,” Anita Balakrishnan reports for CNBC. “Apple has a deep understanding of the effects of...
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U.S. postpones April 15 tax payments for 90 days for most Americans
In an unprecedented move, the U.S. government will postpone the April 15 deadline for tax payments for millions of individuals, giving Americans another 90 days to pay their 2019 income tax bills, due...
View ArticleJPMorgan: President Trump victory most favorable outcome for stock market
U.S. investment bank JPMorgan expects the S&P500 index to surge 12.6% to 3,900 points if the re-election of U.S. President Donald Trump … The post JPMorgan: President Trump victory most favorable...
View ArticleGoldman Sachs: U.S. tax hikes could hammer Apple, other ‘Big Tech’ stocks
Big Tech has been one of the best investments of the past five years amid advances in technology, but proposed U.S. tax hikes could harm… The post Goldman Sachs: U.S. tax hikes could hammer Apple,...
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