Apple is about to repatriate over $200 BILLION of their approximately $250 billion in foreign investments thanks to Trump’s tax breaks.
From Conservative Post:
Apple will likely pay a 15 percent tax on any of the funds that are returned from overseas. “With over $250 billion stashed overseas, Apple stands to pay roughly $40 billion under the deemed repatriation provision of the new law,” the report reads.
The report argues that the GOP tax bill is quite friendly to international corporations such as Apple, allowing them to return foreign cash to the U.S. at a low tax rate.
The return of such a significant amount of cash to the United States has led to speculation that the tech giant is looking to acquire Netflix. “The burning question on the Street’s mind is: does Cook make a big bet with this infusion of cash and do a larger deal (e.g. Netflix) to catalyze and jump start its streaming video/content business,” the GBH research note reads.
This is a massive influx into the United States economy from just one company – money that would have gone overseas if it were not for Trump’s tax changes. This is HUGE news, and a major win for President Trump.
by Thomas Robertson via enVolve
No comments: