Apple said to repatriate $200 billion in foreign earnings

Breitbart:
According to reports, Apple is set to repatriate approximately $200 billion in foreign cash as a result of the GOP tax reform bill.

A GBH research note signals that Apple is set to bring back approximately $200 billion of its $252 billion foreign cash portfolio as a result of tax breaks that the company will now receive.

With Apple & Cook set to repatriate roughly $200 billion of cash based on our estimates we believe accelerated buybacks, another dividend hike, and potentially larger M&A will be the trifecta of benefits shareholders could expect to see in 2018.

According to other reports, Apple will likely pay a 15 percent tax on any of the funds that are returned from overseas. “With over $250 billion stashed overseas, Apple stands to pay roughly $40 billion under the deemed repatriation provision of the new law,” the report reads.
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This is looking like a stimulus to the US economy as well as a windfall to the US treasury as a result of the recently past tax reform package.  Companies appear to be acting more like the GOP proponents of the measure predicted than they are the Democrat predictions.

The number of companies giving employee bonses since the tax cuts is now over 100.

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