“Trump has talked tough about trade, including slamming the Trans-Pacific Partnership that the tech industry has endorsed,” Sumagaysay writes. “In addition, among the seven items on the trade plan on his website are three about China, including ‘instruct the U.S. Trade Representative to bring trade cases against China.’ These threats and possible actions are likely to affect American tech companies doing business and manufacturing in China, such as Apple, Intel, HP and many others.”
“By Moody’s last count, in 2015, U.S. companies held $1.2 trillion outside the country, with Apple, Microsoft, Alphabet/Google, Cisco and Oracle topping the list,” Sumagaysay writes. “Trump’s tax plan proposes to reduce the corporate tax rate from 35 percent to 15 percent, including a one-time rate of 10 percent for companies to bring the profits they’ve stashed overseas back to the United States, according to his website. If companies do repatriate, what might they do with that money? Options include paying down debt, investing in new technology or buying other companies.”
<strongMore issues in the full article here.
MacDailyNews Take: With upwards of $80 billion in debt, Apple being able to repatriate and pay that down might not be such a bad idea.
Donald J. Trump elected 45th president of the United States – November 9, 2016
Apple CEO Tim Cook smartly maintained ties to GOP ahead of Trump victory – November 9, 2016
Apple could be able to pay just 10% tax to repatriate overseas profits under President Trump’s plan – November 9, 2016
Why Donald Trump bests Hillary Clinton on key tech policies – November 8, 2016