How much cash does Apple have?

Apple’s cash holdings, right now up $7.4 billion coming from a quarter ago, could become more potent than ever very soon.

A completely new tax reform plan coming from House Republicans aims to permanently lower the corporate tax rate to 20 percent in addition to calls for a one-time tax rate of 12 percent on cash returns in addition to 5 percent on noncash for corporate money repatriated coming from overseas.

CFRA analyst Scott Kessler estimates of which Apple is usually one of the companies inside technology sector of which could benefit most coming from one specific tax reform: A lower tax rate on repatriated foreign profits.

“You want people to use This particular money inside United States to invest more,” Apple CEO Tim Cook told CNBC’s Jim Cramer in May.

Leave a Reply

Your email address will not be published. Required fields are marked *


four × 2 =