Apple has bags of cash -- so why is it borrowing $17B?

04/30/2013 | Bloomberg Businessweek

Apple has announced a colossal $17 billion debt offering, despite having cash reserves of around $145 billion. That's because Apple's cash isn't heaped up in piles in Tim Cook's office in Cupertino, but is instead linked to Apple's foreign operations. Given America's tax code, it's cheaper for Apple to borrow money domestically than it would be to pay the taxes required to repatriate its foreign profit.

View Full Article in:

Bloomberg Businessweek

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Vice President, Science and Regulatory Affairs
American Beverage Association
Washington, DC
Director - Career Services
The Culinary Institute of America
Hyde Park, NY
Vice President, HEDIS & Performance Outcomes
Dayton, OH
Director of Contracting and Compliance
CareFirst BlueCross BlueShield
Multiple Locations, MD