Apple Brings $200 Billion Back To The U.S. Due To Trump Tax Reform

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.

Breitbart reports:

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.

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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!

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