As part of the tax bill signed last week by President Trump, corporations like Apple (AAPL) will enjoy a repatriation tax rate of 15.5% for returning money to the U.S. from their overseas cash piles.
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Apple Finally Got Its Tax Break to Bring Billions Home. Your Move Apple...
For years, Apple CEO Tim Cook has called on Washington to make it less costly for his company to bring back the billions of dollars it holds overseas. Just in time for Christmas, Cook finally got his wish.
