The Street: Why Trump’s Potential $500 Billion Tax Holiday Could Make Apple and Microsoft Huge Winners
media mention“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.”