3 Tax Reform & U.S. Investment
Apple currently has as much as $250 billion in offshore cash holdings. Thanks in large part to the Trump administration’s U.S. Tax Code overhaul, the global tech giant could [potentially] bring all of that money back to the U.S., where it’s expected to pay a much lower corporate tax rate of just 21 percent (down from 35 percent, previously).
While it’s not 100 percent set in stone, and effective tax rates can vary year by year, there’s no doubt that Apple will come out a winner in the end. What the company does with its liquid capital remains to be seen, but it stands to reason that we’ll see a continuation of large-scale investments in U.S. manufacturing, job creation, and the development of new and advanced technologies right here in the U.S.