Bringing Apple's vast profits back to America

news from The Week - Business

The smartest insight and analysis, from all perspectives, rounded up from around the web: Apple's cash is coming home, said Daisuke Wakabayashi and Brian Chen at The New York Times. The tech giant announced last week that it plans to repatriate "the vast majority" of the $252 billion it has hoarded overseas and will make a one-time tax payment of $38 billion. The company also pledged to create 20,000 new U.S. jobs and make $30 billion in U.S. capital expenditures over the next five...


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