October 19, 2017

Think Progress: Trump’s Tax Bill Is a Swamp Monster

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Piper was among several Fierce lobbyists working for Apple on the bill in the Senate, House, and the Executive Office of the President. Apple — the company that had over $230 billion overseas as of 2016 — has been lobbying to allow multinational corporations like itself to bring such accumulated foreign earnings back to the U.S. at a low one-time rate. Likewise, Oracle had $42.6 billion overseas. Without the tax reform holiday, the bill on that money would be over $71 billion for Apple and over $13 billion for Oracle, according to the non-partisan Institute on Taxation and Economic Policy. Read more



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