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Apple may return to the USA stored abroad $200 billion in the implementation of plans trump

$200 billion, Apple earned and stored outside the United States, unable to return to the country in the implementation of the plans of Donald trump to reduce the tax on repatriated profits, reports Swissinfo. The new President proposes to reduce to 10% rate of tax on income earned by American companies abroad.

In accordance with the current legislation this income is taxed at 35%, and many large corporations prefer to keep funds abroad to avoid huge tax payments. The proposal to reduce income tax is part of wider plans trump to reduce the tax burden for business.

Will benefit from this step, first of all, major technology companies, including Apple, which has registered the foreign division in Iceland – in a jurisdiction with low tax rates.

According to the international rating Agency Moody’s at the end of 2015, us non-financial sector, had in foreign accounts monetary funds in the amount of $1.2 trillion. The largest stocks were Apple, Microsoft, Cisco, Google and Oracle. Apple has in foreign accounts is about $200 billion.

The organization estimates the total funds of American companies in foreign accounts a total of $2.5 trillion.

Repatriated profits can be used by companies to repay corporate debt, investments in the development of new technologies, encouragement of shareholders or Finance acquisitions, experts say.

As reported, Donald trump won a victory on presidential election in the United States. Experts believe that fairly soon after coming to power, trump and his administration will offer American companies to return funds to the country under a special tax rate. Usually repatriated finances are subject to full income tax, but in this case the Republicans are ready to offer companies tax rate cut to 5% with certain conditions.

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As a result, all will benefit, analysts say, as companies pay less tax, the inflow of funds will have a positive impact on the U.S. economy, and the White house will be able to invest the taxes received in the promised trump infrastructure program, which in addition to spur the growth of the economy.

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