Repatriation: Do Not Bet Against Trump or the Dollar
Trump's tax reform will turbocharge the economy and the dollar.
by Ambrose Evans-Pritchard
September 9, 2017
Donald Trump’s appetite is whetted. He knows that American companies have stashed trillions of dollars overseas in what amounts to the greatest cash reserve in the world.
Apple has $257bn parked abroad beyond the reach of the Internal Revenue Service. Alphabet (Google) has $126bn, Microsoft $84bn, Cisco $68bn, and Oracle $59bn. The US Bureau of Economic Analysis estimates that total retained earnings outside the country have mushroomed to $4 trillion.
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