• Taxing Situation May Give Apple a Big Discount on Beats



    Amidst the never-ending recent conjecture surrounding Apple's supposed plans to acquire Beats, we keep hearing a broad array of reasons for why Apple is so interested in the company.

    As MMi's Akshay Masand reported Thursday, the intensely rumored deal may not be happening for technology associated with headphones and streaming music, but instead for company cofounders Dr. Dre and Jimmy Iovine.

    While it remains to be seen exactly why Apple wants Beats (it's likely that there are many solid reasons behind Apple's interest) one thing is certainly helping to incentive the acquisition - a big discount opportunity for the Cupertino, California-based Mac maker.

    According to a new report from Forbes, due to Beats' international tax residency (it's like the team at Beats molded their tax savings strategies right out of Apple's playbook), Apple may be able to close the acquisition in a manner that could let Apple save a fortune on the deal.

    "Following the rough tax math of a foreign acquisition, Apple’s $3.2 billion bid would really be more like $2 billion if the transaction could take place in Ireland," writes Joe Harpaz of Forbes. "Considering the fact that Apple currently has approximately $54 billion in cash parked offshore, the benefits of doing a foreign acquisition over repatriating that cash back into the U.S. become even more apparent."

    Source: Forbes
    This article was originally published in forum thread: Taxing Situation May Give Apple a Big Discount on Beats started by Michael Essany View original post
    Comments 2 Comments
    1. glgbnaf's Avatar
      glgbnaf -
      Quote Originally Posted by Michael Essany View Post


      Amidst the never-ending recent conjecture surrounding Apple's supposed plans to acquire Beats, we keep hearing a broad array of reasons for why Apple is so interested in the company.

      As MMi's Akshay Masand reported Thursday, the intensely rumored deal may not be happening for technology associated with headphones and streaming music, but instead for company cofounders Dr. Dre and Jimmy Iovine.

      While it remains to be seen exactly why Apple wants Beats (it's likely that there are many solid reasons behind Apple's interest) one thing is certainly helping to incentive the acquisition - a big discount opportunity for the Cupertino, California-based Mac maker.

      According to a new report from Forbes, due to Beats' international tax residency (it's like the team at Beats molded their tax savings strategies right out of Apple's playbook), Apple may be able to close the acquisition in a manner that could let Apple save a fortune on the deal.

      "Following the rough tax math of a foreign acquisition, Apple’s $3.2 billion bid would really be more like $2 billion if the transaction could take place in Ireland," writes Joe Harpaz of Forbes. "Considering the fact that Apple currently has approximately $54 billion in cash parked offshore, the benefits of doing a foreign acquisition over repatriating that cash back into the U.S. become even more apparent."

      Source: Forbes
      Finally apple iPhone gets real speakers I hope after 7 years


      Sent from my iPhone using ModMyi
    1. scottycs's Avatar
      scottycs -
      Garbage speakers.

      Quote Originally Posted by glgbnaf View Post
      Finally apple iPhone gets real speakers I hope after 7 years


      Sent from my iPhone using ModMyi
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