Op-ed: The fact that Apple has to issue bonds is a reminder of why urgent tax reform is needed
On Thursday afternoon, Apple noted in an SEC filing that it was issuing $7 billion worth of new bonds -- floating rate notes with various maturity dates between 2020 and 2027. This isn't particularly newsworthy in itself. Apple issues bonds all the time. In fact, according to FactSet, as of the end of the first quarter of 2017, Apple has taken on more...