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Title: US tax bill passes, allowing Apple to repatriate its $252B foreign cash, but there’s a catch … Post by: HCK on December 22, 2017, 04:05:19 pm US tax bill passes, allowing Apple to repatriate its $252B foreign cash, but there’s a catch …
<div class="feat-image">(https://9to5mac.files.wordpress.com/2017/12/aapl1.jpg?quality=82&strip=all&w=1500)</div><p>Congress finally passed the Republican tax overhaul, which would make it affordable for Apple to repatriate the $252.3B cash it currently holds overseas. Apple would be able to take advantage of a one-time tax break, paying just 15.5% tax on the cash, rather than the 35% it would have had to pay previously.</p> <p>If Apple chose to bring all of the cash back to the US, it would pay $39.1B in tax. And this would be practical because the company has already set aside $36.3B – almost the entire amount – for exactly that eventuality. But there’s one catch …</p> <p> <a href="https://9to5mac.com/2017/12/21/us-tax-bill-apple/#more-513087" class="more-link">more…[/url]</p><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=9to5mac.com&blog=22754319&post=513087&subd=9to5mac&ref=&feed=1" width="1" height="1" /><img alt="" border="0" src="https://pixel.wp.com/b.gif?host=9to5mac.com&blog=22754319&post=513087&subd=9to5mac&ref=&feed=1" width="1" height="1" /><div class="feedflare"> <img src="http://feeds.feedburner.com/~ff/9To5Mac-MacAllDay?i=wrX9HuNv7FA:pdgmGrogGV0:D7DqB2pKExk" border="0"></img> (http://feeds.feedburner.com/~ff/9To5Mac-MacAllDay?a=wrX9HuNv7FA:pdgmGrogGV0:D7DqB2pKExk) </div><img src="http://feeds.feedburner.com/~r/9To5Mac-MacAllDay/~4/wrX9HuNv7FA" height="1" width="1" alt=""/> Source: US tax bill passes, allowing Apple to repatriate its $252B foreign cash, but there’s a catch … (http://feedproxy.google.com/~r/9To5Mac-MacAllDay/~3/wrX9HuNv7FA/) |