5 Companies Set To Benefit From Tax Repatriation


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Tax Repatriation

A key inclusion in the recently approved United States Tax Cuts and Jobs Act is a one-time tax repatriation of cash that corporations currently hold overseas.

While corporate tax rates will decline from 35 percent to 21 percent, companies will be able to repatriate their money abroad ranging from 8 percent on illiquid assets and 15.5 percent for cash and cash equivalent earnings. According to Goldman Sachs, U.S. companies have approximately $3 trillion in overseas earnings, with technology businesses holding the lion's share.

The top technology leaders who store the most cash overseas who could benefit from the one-time tax repatriation are Apple, Cisco, Microsoft, Oracle and Google's Alphabet who have hundreds of billions outside the United States.



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