Apple Leaves Overseas Cash Out Of Its Latest Quarterly Report

Effect of the Jan. 1 taxation changes...

The taxation authorities signed into police trace inwards Dec past times President Donald Trump requires American-based companies to pay taxation on coin they’ve stashed exterior the the U.S. The novel rules ready a quondam charge per unit of measurement of 15.5 per centum on cash too 8 per centum on non-cash or illiquid assets. Payments tin hold upwards made over viii years. Previously, companies had to pay 35 percent, simply alone if they brought the coin dorsum to the the U.S.

Apple leaves overseas cash out of its latest quarterly study https://t.co/4wdvCujMRP pic.twitter.com/8jL39rCl8p

— Bloomberg Markets (@markets) May 11, 2018