via The Economist: Apple’s bond issue – Pity the taxpayer

This is an interesting piece on “creative financing” by big multinational companies. Apple issued recently corporate bonds (debt) worth 17 billion dollars while sitting on a cash pile of 145 billion dollars. Why? Well, what looks like a contradiction makes perfect sense and is common practice. It is an effective way to dodge the taxman, subsidized by ordinary taxpayers. It is a good read if you can bear it.

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13/05/2013 · 21:00

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