Toronto Star

Taking bite out of Apple

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Re Some investors have soured on Apple. Here’s

why, July 23 Apple has failed to repatriate approximat­ely $160 billion in oversees profits in order to avoid paying 35 per cent capital gains tax. And as Fortune magazine pointed out in early 2015, Apple is using these profits to borrow against in order to pay for its executive bonuses, dividends and stock buyouts even though it is sitting on billions of dollars of cash at home.

As it also continues to outsource its manufactur­ing abroad, there are some who feel Apple is behaving very badly domestical­ly, neither contributi­ng to U.S. employment significan­tly nor its fair share to the Treasury.

Maybe it is about time its stock price did not simply track its product curve. Ian Scott, Toronto

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