02-13-2017, 09:06 PM
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It's 42
Industry Role:
Join Date: Jun 2010
Location: Global
Posts: 18,083
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https://www.thestreet.com/story/1395...x-holiday.html
Quote:
Fortune 500 companies could reap a more than $500 billion windfall if President Donald Trump gets his way on tax reform.
Major corporations including Apple (AAPL) , Microsoft (MSFT) and Oracle (ORCL) will save billions of dollars in taxes if Trump is able to enact the repatriation holiday he promised on the campaign trail, according to a new analysis from the Institute on Taxation and Economic Policy (ITEP), a Washington, D.C.-based think tank. Instead of taxing U.S. corporations at the current 35% rate, Trump's proposal would offer them a one-time repatriation rate of 10%, representing a 70% discount.
Repatriation has become a hot-button issue in recent years as American companies have accumulated billions of dollars in earnings abroad in order to avoid paying taxes stateside. ...
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