CNBC: Trump’s Tax Holiday Could Be a Windfall for These Stocks
media mentionOn a per-share basis, the company’s foreign earnings left overseas come to more than $40 a share, according to CNBC calculations using figures from a recent report by the Institute on Taxation and Economic Policy.
Unlike Apple, most companies do not report overseas cash breakdowns. But regulations do require that they report money that will be reinvested overseas and thus exempted from U.S. taxation. For many companies, that figure will include a substantial cash element. Read more