“Perhaps those who insist upon cash taxes paid as being the correct method of calculation would care to comment on why they think that eBay’s 366% tax rate is a good idea?  Which brings us back to Apple. Some 88% of their $153 billion cash pile is akin to that $9 billion number from eBay.  Apple has no shortage of cash inside the US, it can borrow at rates that are, to a close approximation, near to zero if it should want to (and as it is doing with a bond issue to increase dividends and the stock buyback program) so why would it take an action which would result in so much value just disappearing from the company’s coffers?”

http://www.forbes.com/sites/timworstall/2014/04/30/if-apple-did-what-ebay-has-just-done-then-theyd-have-a-44-billion-tax-bill/

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