Apple announced a roughly $10 billion annual dividend and a share buy-back program, designed to make use of their hundreds of billions in cash reserves. They estimate it will cost about $45 billion over the next three years, but that leaves tens of billions in profits oversees, while Apple lobbies Congress for a tax-free repatriation of foreign profits.
|By: David Dayen Tuesday March 20, 2012 3:16 pm|
|By: David Dayen Tuesday October 11, 2011 9:50 am|
Later today, Senate Republicans will filibuster the American Jobs Act, the $447 billion bill to add demand into the economy through infrastructure spending, payroll tax cuts, extended unemployment insurance and a variety of other programs, paid for by a 5.6% surtax on millionaires. That would stop the bill in its current form.
|By: David Dayen Saturday March 26, 2011 6:00 pm|
You may not have heard about “Win America,” because you’re not the target audience. This is a coalition of multinational corporations who want the federal government to enact another tax holiday for overseas corporate profits. This would allow these corporations to bring back money they illegally stashed in tax shelters overseas at a fraction of the tax liability. This repatriation holiday happened once in 2004, and the multinationals really loved that, so they want another one.