| > I'm still surprised more companies aren't doing it. Almost every major company has been doing it for many years. Especially large companies with tons of cash overseas. Instead of repatriating cash from overseas and paying taxes, corporation borrow against their overseas cash and pay dividends to shareholders or invest. Imagine if you were APPL and you have $1 billion a in tax haven in europe. You can bring it back to the US and pay 20% in taxes or borrow against that $1 billion and pay 1% in interest. Edit: @seanmcdirmid > Except it isn't so much the tax haven in Europe as it is profit stuck in china (their second largest market) Their second largest market is Europe and has been forever except for a blip in 2015/2016. And Apple's foreign headquarters is ireland. Most of apple's overseas profits are registered and kept in europe. "Apple’s expanding overseas cash pile has drawn scrutiny from the European Commission, which says the company should be paying corporation tax on profits from Europe, Africa, the Middle East and India in Ireland, where it registers those sales." http://www.telegraph.co.uk/technology/2017/05/01/apples-cash... Ireland and europe are tax havens for many of the silicon valley companies, including google, facebook, etc. |