Apple is likely to win big under the tax plan that Republicans are pushing through Congress, according to the Financial Times.
The Cupertino, Calif., firm could make as much as $47 billion in additional profits from the tax legislation, according to the paper’s estimates.
The Senate version of the tax proposal, which would allow Apple to bring home profits it has stashed overseas at a maximum 14.5 percent tax rate, would be a huge discount over the proposed 25 percent corporate tax rate, and an even bigger deal than the current 35 percent rate. Continue reading “Analysis: Apple poised for $47 billion windfall from GOP tax bill”

