How Much Cash Will Apple, Inc. Repatriate Under New Tax Law?
It's official: President Trump has now signed the Republican tax bill into law. As far as Apple (NASDAQ: AAPL) is concerned, one of the more pertinent aspects of the bill was always going to be repatriation rates. With a massive $252.3 billion in foreign cash at the end of the third quarter, Apple would be among the biggest beneficiaries of favorable repatriation rates. The final bill set a one-time repatriation tax of 15.5% for foreign cash, up slightly from the 14% to 14.5% that had been in earlier versions.
That's a significantly lower rate than the 35% that Apple would have previously had to pay under the outgoing tax system, and in line with what CEO Tim Cook considers "reasonable." In an interview with Bloomberg Businessweek in June, Cook suggested 15% to 20% would be reasonable.
Image source: Apple.
Source: Fool.com
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