Under Trump tax plans, AAPL would repatriate $230B overseas cash, see profits jump 16% – Citi<div class="feat-image">
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<p>If Trump enacted his promised corporate tax reforms, Apple would likely repatriate the bulk of its $230B cash reserves held overseas, and see its profits jump by 16%. The prediction was made by Citi in analysis seen by <a href="
http://uk.businessinsider.com/apple-profits-trump-tax-reform-2017-4" target="_blank">
Business Insider[/url].</p>
<p class="p1"><span class="s1">Trump’s tax reform plans</span><span class="s2"> include reducing the corporate tax rate from 35% to 15% in the US, and applying a <span class="s3">tax of only 10% to the profits of US companies that want to repatriate cash being held overseas [
…] The proposals would make it likely that Apple would move its foreign cash back to the US in order to pay the least amount of tax. In the most recent quarter, Apple said it was holding $246 billion in cash, of which $230 billion was held in foreign subsidiaries.</span></span></p>
<p>The combination of the two would have a significant impact on earnings per share, says Citi …</p>
<p> <a href="
https://9to5mac.com/2017/04/06/aapl-cash-reserves-tax-trump-plans/#more-475906" class="more-link">more…[/url]</p>
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Under Trump tax plans, AAPL would repatriate $230B overseas cash, see profits jump 16% – Citi
