SPDR S&P 500 (SPY)

[AnG5640]

That's a lot of cash. And I bet AAPLs just salivating over this. Proposal is a one time cash repatriation of overseas cash, taxed at a 10% rate.

My question is, what's the definition of "one time"? AAPLs cash is sitting all over the world. They can't just simply move all this cash from one country to another to pool it in order to make a "one-time" transfer of cash back to the U.S.

They did this way back in 2004 too. To bad I can't remember the logistic details. The thought back then was that co's would bring cash back & use it for job creation, etc. What ended up happening is that cash was brought back & co's used it for share buy-backs & to pay dividends instead.