Crazy how much cash these tech companies are holding overseas to not have to pay the tax rates here in the US!!!!! BREAKING: Trump picks Jerome Powell to succeed Yellen as Fed chair[/paste:font] × The GOP tax plan could save US tech billions — these 4 companies alone have $500 billion abroad Apple has $246 billion outside the U.S. Microsoft has $127.9 billion held by foreign subsidiaries Anita Balakrishnan | @MsABalakrishnan Published 1 Hour Ago Updated 9 Mins AgoCNBC.com A new tax reform plan from House Republicans aims to permanently lower the corporate tax rate to 20 percent, and calls for one-time tax rate of 12 percent on cash returns and 5 percent on non-cash for corporate money repatriated from overseas. That could benefit America's biggest and most profitable companies: Tech giants like Apple and Microsoft. Apple, Cisco, Microsoft and Oracle combined have nearly $500 billion cash and cash equivalents held overseas, according to recent regulatory filings. CFRA analyst Scott Kessler estimated in October that Apple, Cisco, Microsoft and Oracle would be the biggest beneficiaries of a lower tax rate on repatriated earnings. Indeed, Apple CEO Tim Cook has Technology company cash Apple: Total of $261.5 billion in cash plus marketable securities -$246 billion of that cash, 94 percent of the total, was outside the U.S., as of August Microsoft: $133.0 billion in cash, cash equivalents, and short-term investments totaled as of June 30, 2017 -$127.9 billion was held by foreign subsidiaries and would be subject to material repatriation tax effects. Cisco: $70.49 billion in cash, cash equivalents and investments - $67.5 billion held by various foreign subsidies, as of July 29, 2017 Oracle: $66.08 billion in cash, cash equivalents and marketable securities as of May 31, 2017. - $54.4 billion held by foreign subsidiaries, $47.5 billion of which is considered "indefinitely reinvested in [Oracle's] foreign operations outside the United States"
I've seen this before, kind of like "Friday rallies"... But whatever happened to the "September sell-off" idea? It didn't seem to happen to any extent. Are these expressions meaningless or has this year been a fluke?
Nothing will happen if bitcoin collapses. Who owns them anyway? How will they even complain? It is not regulated and who knows, maybe it is not even Americans that own the bulk of it.