Does Apple Hide More Cash Abroad Than Anyone?

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U.S. companies hold in excess of $2 trillion of cash abroad and Apple Inc. AAPL has the largest hoard among the S&P 500 companies, according to a recent J.P. Morgan report illustrated by Statista.

Apple holds $158 billion overseas which was nearly twice as much Microsoft Corporation MSFT and 2.5 times the total of General Electric Company GE.

As explained by Statistia’s Felix Richter, “U.S. multinationals have little incentive to bring home the cash they hoard overseas, because they would have to pay 35 percent corporate income tax once they repatriate their foreign earnings,” which could prompt changes in the tax laws to help encourage repatriation of the funds.

Apple Inc. recently traded at $129.98, up 0.24 percent.

Posted In: Top StoriesTechJP MorganStatistia
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