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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

Published Thu, Dec 21, 2017 · 09:50 PM
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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 cent to 21 per cent, are also a big boon for Apple.

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