Apple may have enough cash on hand to make Scrooge McDuck’s money vault look like a kiddie pool by comparison, but according to SeekingAlpha, most of that cash is effectively trapped overseas . US$54 billion of Apple’s overall $82 billion in cash is in offshore accounts, and Apple cannot repatriate that money to the States unless it wants to pay a huge 35 percent corporate tax on it.
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Most of Apple’s $82 billion cash stockpile is ‘trapped’ overseas
