According to the The Wall Street Journal, big IT companies have more than $87bn in cash between them.
Analysts think the companies plan to buy up their own stock to avoid having to shell out money on dividends. Shareholders are clamoring for dividends, which the technological giants are reluctant to fork out.
But according to the WSJ, holding onto the cash means the companies are growing slower than firms that pay more to shareholders, so the big tech companies could be keeping the industry depressed.
By not spending the money the companies are also not buying technology themselves which stimulates the industry.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements