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With over 90 percent of its cash sitting overseas, a one-time 10 percent repatriation tax would give Apple $220 billion for acquisitions or buybacks, Citigroup analyst Jim Suva said in a note to clients.
U.S. President Donald Trump's tax blueprint, which was unveiled last month, proposes allowing multinationals to bring in overseas profits at a tax rate of 10 percent versus 35 percent now.
"Since one of the new administration's top priorities is to allow US companies to repatriate overseas cash at a lower tax rate, Apple may have a more acute need to put this cash to use,"
If Apple acquired Tesla its cash reserves would supercharge the latter's potential to disrupt markets.
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Citi Lists Netflix, Tesla As Potential Takeover Targets for Apple
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The Official Colorado State Vegetable is now the "state legislator".
(Score: 2) by kaszz on Saturday May 06 2017, @03:00PM
Our iZoom rocket only has 95% of the fuel to reach orbit. It's much thinner and sleek that way, looks great. Astronauts are expected to have re-fueling stations in the stratosphere. The flight control panel don't support thrust vector adjustments. Such things are complicated and are kept from users. No crashed user has complained about this.
If the fingerprint logon device becomes disconnected during launch shaking it requires you to call the service center during launch and wait for our service center to tell you that the panel must be sent in. The official control tower remedy is to unscrew the panel and connect to the JTAG port so you can root it and save the life of the crew. Apple has no responsibility for this, for anything, or anything at all well except to bill you for services you thought you had. We call that imaginary.. service.