Apple: Big Repatriation Hit
Apple faces a large tax bill from the mandatory repatriation of foreign earrings.
Investors shouldn't expect any special cash moves by the tech giant.
A continued focus on large stock buybacks is the preferred signal that the BOD sees a cheap stock and a bright future.
The recently passed tax plan by the GOP provides massive tax breaks to corporations. A key component of the tax plan is a provision to allow international companies to repatriate foreign earnings at a reduced tax rate.
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