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. Read the full article on Seeking Alpha. Disclosure: Long AAPL. Please review the disclaimer page for more details.