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An Anonymous Coward writes:

"Apple, already the largest US taxpayer, anticipates repatriation tax payments of approximately $38 billion as required by recent changes to the tax law. A payment of that size would likely be the largest of its kind ever made."

They don't give anybody credit for getting that tax law passed. Sad!

https://www.apple.com/newsroom/2018/01/apple-accelerates-us-investment-and-job-creation/ [apple.com]

Using the new 15.5 percent repatriation tax rate, the $38 billion tax payment disclosed by Apple means they are doing a $245 billion repatriation. Apple had $252.3 billion in overseas cash as of the end of September quarter, according to SEC filings so that means the company is bringing back nearly all of its foreign cash.

I can't take all this winning!

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