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.
(Score: 2) by kaszz on Saturday May 06 2017, @04:43PM (1 child)
Anything specifically?
(Score: 2) by Nerdfest on Saturday May 06 2017, @06:09PM
Setting, home screen, widgets, notifications, software store, info exchange between apps, ....