Apple Counting On Trump Tax Reform To Bring Foreign Cash Home
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The double Irish tax structure has been wound up, whereas the US has transformed its tax code to persuade American corporations to bring their cash home. The combination of tax scandals and disputes have expedited changes in global tax policy.
The first effects are likely to be in the US. Cash-rich US firms have had years to buy foreign assets. Now they have a chance to bring cash to the US and buy domestic firms, instead of having to borrow money. 1e1e36bf2d