And if they can't, what can they do with it ?
how much is the tax to use it to pay shareholders a dividend ?
whats the point if having foreign cash, if you can't use it.
u.s. basketball players, and hockey players who played in europe were forbidden from bringing cash home with them.
BUT THEY GOT AROUND IT.
THEY BROGUHT THEIR PARENTS OVER, AND BOUGHT THEM LAVISH GIFTS.
THEY BOUGHT LAVISH GIFTS FOR THEMSELVES, AND SOLD THEM IN THE U.S.
ETC ETC ETC.
So don't give me this #$%$ about not being able to use foreign cash.
Banks used to get around this problem by setting conference in the country where they held the most cash and make that office buys every attendee plane ticket,hotel rooms and hosting expenses.
But you cant do that with 140 B.
Apple will need a lot of cash to pay its foreign suppliers. If the economy tanks from the sequestration, Eurodebt crisis, or China slowdown, the cash will help Apple weather more than a few lean sales quarters. Plus there's the possibility of another one time tax amnesty. Cash buys time and flexibility. Cash also guarantees factory time, inventory supply, favorable prices for parts, and timely production and distribution. Why blow it?
They have to bring the cash back to the US and pay taxes on it if they want to do that. OR, I suppose they could setup a separate foreign legal entity that buys shares, but then that entity holds the shares (I'm thinking).