Michael Holland, chairman at Holland & Company, talks about the impact of tax laws on Apple and explains why he expects the company to pay higher dividends in the future. He speaks on “Bloomberg Surveillance.”
Michael Holland is the Chairman of Holland & Company, a private investment firm he founded in 1995 in New York City. He is also the President and Founder of the Holland Balanced Fund. More info on Holland’s background here.
It’s crazy what’s going on with the European Union doing a retrospective look at taxing Apple… I think they probably are going to pay more in dividends in the future than they have in the past in part because of this [EU tax situation and possible US repatriation changes]. — Michael Holland, chairman at Holland & Company
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Read more in the full article here.
MacDailyNews Take: If we get a U.S. corporate tax fix so Apple can bring home some of their cash mountain, we’d expect Apple to use some of those funds — as opposed to issuing more debt — for buybacks and dividends.