You’ve got to wonder just how much with it boost the economy to have an extra $200 billion dollars circulating stateside. We won’t be wondering for very long, though. Because of the recently passed Trump tax reform, Apple is bringing a boatload of money back to the U.S.
According to reports, Apple is set to repatriate approximately $200 billion in foreign cash as a result of the GOP tax reform bill.
A GBH research note signals that Apple is set to bring back approximately $200 billion of its $252 billion foreign cash portfolio as a result of tax breaks that the company will now receive.
“With Apple & Cook set to repatriate roughly $200 billion of cash based on our estimates we believe accelerated buybacks, another dividend hike, and potentially larger M&A will be the trifecta of benefits shareholders could expect to see in 2018.”
According to other reports, 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.
This is just the beginning. The ink on the bill is barely dry, nor have the benefits been actually realized, but companies are putting a lot of faith in the plan. More Trump policy winning!