Apple Technology gets loan of $178 Billion

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Apple is ranked as one of the wealthiest technology company but the company is now forced to take debt though it is the owner of $178 billion.

The reason for this debt demand is very simple and it is to save the tax money. Last week, the company announced that its latest tri month earning was $18 billion and the company has $178 billion cash at this time but despite this, the company released the bond of $6.5 billion on Monday to take another loan.

The reason for such a rich company to take loan is that Apple does not want to give tax of billions of dollars. Due to this reason, the company has put billions of dollars outside America in different countries and it is not bringing them back that it will have to pay 35% tax on them in this case which means billions of dollars. Now the loan of $6.5 billion taken by Apple will be used to purchase stock and pay interest.

Apple Technology gets loan of $178 Billion

Apple Technology gets loan of $178 Billion

 





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