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- Aug 20, 2006
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Analysts claim that Apple will be buying Netflix: it’s all thanks to the new tax bill, which is giving businesses more cash to throw around. For Apple, that’s about $220 billion – only a third of which is required to acquire Netflix.
"Historically, Apple has avoided repatriating cash to the US to avoid high taxation. As such, tax reform may allow Apple to put this cash to use. With over 90% of its cash sitting overseas, a one-time 10% repatriation tax would give Apple $220 billion for M&A or buybacks."
"Historically, Apple has avoided repatriating cash to the US to avoid high taxation. As such, tax reform may allow Apple to put this cash to use. With over 90% of its cash sitting overseas, a one-time 10% repatriation tax would give Apple $220 billion for M&A or buybacks."