Apple could see as much as $47 billion shaved off its US tax bill under current Republican proposals, making it the largest beneficiary of the tax plan, Fortune reports. The Senate and House still have to reconcile their different versions of the tax bill to send it to President Donald Trump for signing, but the two chambers seem mostly in agreement that the $1.3 trillion that American companies are keeping offshore should be taxed at no more than 14.5 percent — a much lower rate than the current 35 percent rate for money brought home from overseas by corporations.
Latest News
- iOS 14.5 to have new Siri voices
- Tim Cook says technology ‘Key’ to easier voting
- Apple 2012 13-inch MacBook Pro placed on ‘Obsolete’ list
- Save $30 on a Belkin 3-in-1 15W MagSafe Charger
- App Tamer for Mac 33% off
- The 2021 Complete Resume Builder Master Class Bundle is 98% Off
- Save Up to 40% on a new official Apple iPhone leather case
- Opera releases M1 Mac native support
- Latest iOS 14.5 beta to have iPhone 11 battery calibration tool
- Artists are reinventing baseball cards using Apple Pencils and iPad Pros