Because America taxes corporations 35%, many of the biggest American companies bank their money overseas. Apple is one of them.
With $54 billion of its $85 billion in yen, real, and euros, the Cupertino company is slated to see its holdings double in the next three years to about $150 billion due to the surging economies overseas.
It’s not like Apple hasn’t in the past tried to move its money Stateside to inject some cash into our struggling economy. Last year, it lobbied the government for a one-year tax break, as part of the “Win America Campaign.” Of course, the government shot down the proposal and Apple made the only logical decision.