Apple’s Latest Tax Bill Represents Just 6% of Cash Hoard: ChartBy
Fret not for Apple Inc. While the iPhone maker has been ordered by the European Commission to repay a record 13 billion euros ($14.5 billion) plus interest in back taxes, the world’s richest company -- which generated over $234 billion in revenue in fiscal year 2015 -- has about $232 billion of cash and marketable securities, the majority of which is held overseas. The company paid $2.7 billion in consolidated income tax in the most recent quarter and just over $19 billion in fiscal year 2015.
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