All while sitting on $100Bil. The hording of all that cash certainly doesn't help the U.S. economy one bit. But you really can't blame apple. Anyone or company is going to do what ever is within their legal constraints to maximize profits. It's our government that let's them get away with it.
Decades ago the government enacted EEA so that companies couldn't pay a woman or minority less than a white man. But do you really think the motivation behind companies doing that was prejudice? I don't think so. As always it's the money. It was just one way to keep their costs down. Now they have an even better loophole because no current laws apply to employees that are over seas and doubtful that will change.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.