Apple will pay $38 billion U.S. repatriation tax on $245 billion in overseas profits

A small surprise was nestled in the middle of Apple’s announcement of a $350 billion contribution to the U.S. economy today: Apple confirmed that it will repatriate the giant pile of cash it has held overseas. According to the release, Apple expects to pay approximately $38 billion in U.S. repatriation taxes, which means that it will […]