Capitol Hill

It is estimated that Apple is going to spend about $45 billion of the company’s cash overseas reserves in coming three years. This is the part of the program which the company announced on Monday and it includes first dividend for company’s shareholder since 1995.

Not a single penny is intended to come from about $64 billion of the company which has been stashed overseas.
This is like other companies; Apple is loath for paying heavy tax hit for the repatriation of that money.
Along with the tech giants like Microsoft and Google, apple is pushing for the tax holiday … Read more at 2011 Taxes.