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Technology Stocks : Apple Inc.

AAPL 272.24

+0.5%

Dec 23 3:59 PM EST

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From: Moonray	4/11/2014 1:11:50 PM
	of 213177

Apple's Offshore Accouting vs. the SEC, Congress and the IRS BY Marc Strausberg - \|04/11/14 - 12:44 PM EDT NEW YORK ( TheStreet) -- The Security and Exchange Commission is serious about going after Apple's ( AAPL _) off-shore cash. Accounting Branch Chief Kathleen Collins, in a Letter of Comment to Apple's in-house counsel, shows the regulator is challenging the company's aggressive accounting policies that protect about $16 billion of offshore cash from taxation by the Internal Revenue Service. The letter questions the details of Apple's plans for the use of its rapidly growing offshore cash holdings: More at: thestreet.com o~~~ O

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