New US tax bills would save Apple $47BEEELLION in overseas tax

New US tax bills would save Apple $47BEEELLION in overseas tax

6 years ago
Anonymous $1bh8zaeyQS

https://www.theregister.co.uk/2017/12/06/new_us_tax_bills_would_give_apple_joy_overseas/

While Apple may have to fork out €13bn (£11.4bn) to the Irish government in back taxes, on the other side of the pond it could gain $47.2bn (£35.2bn) in tax breaks.

That is if new US legislation proposed by Donald Trump to slash special overseas earnings rate from 35 per cent to just 14 per cent comes into force.