Apple holding nearly TWICE more cash than the USA Government

Apple USA

Apple now has more cash to spend /invest than the United States government !!!

I saw a statement by the US treasury (Click here for press release ) looking to have $75 billion by the end of June .According to Bloomberg Apple has over $145bn in overseas account.

The USA is again in a ‘debt crisis ‘ policymakers aren’t doing enough address the rising debt ratios and Moody’s has said they could downgrade the US debt in 2013 if this hasn’t been addressed

Apple has been accused of being “among America’s largest tax avoiders” by a Senate committee.

The committee said Apple had used “a complex web of offshore entities” to avoid paying billions of dollars in US income taxes .

Well this is just a tip of the iceberg of the Tax avoidance issue .

Our CEO did an interesting piece on his blog on Google and the Tax issue in the UK : Click Here

Tony Evans

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