Republican Tax Reform Plans Could See Apple Saving 47B As Biggest Beneficiary
Republican plans for corporate tax reform would see Apple as the biggest beneficiary if the company chooses to repatriate its overseas cash hoard. It has been estimated that in that eventuality, Apple would save a cool $47B in taxes … Apple’s foreign cash and investments total $252B. Currently, if Apple were to repatriate that cash, it would pay the full rate of corporate tax of 35%, making for a tax bill of $78....