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Apple wins with US tax bill but concerns remain

Two provisions could actually raise the amount of cash taxes that it pays on profits from patents held abroad

The treatment of foreign patent profits is important to Apple because shifting those profits overseas was a cornerstone of its tax practices for decades.

San Francisco

THE US Republican tax overhaul passed by Congress this week will allow Apple to bring back its US$252.3 billion foreign cash pile without a major tax hit - a long-standing company goal.

Other provisions of the bill, namely the cut in the corporate tax rate from 35 per...