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xchaotic on March 7, 2016 | parent | context | favorite | on: Apple gets smacked by $450M e-book price-fixing f...

Can you correct me if I'm wrong but now Apple can repatriate some of it massive overseas cash hoard and offset it against the $450M fine without attracting any tax on it as it is a loss. technically their balance books will be $450M worse off but they wouldn't have been able to use that money anyway without attracting a high tax on it. is that correct?

delinka on March 8, 2016 [–]

I'm pretty certain they're taxed on the money simply because it crosses a border. It's not treated as revenue which can be offset by expenses.

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