17.02.2011 20:35 Uhr, Quelle: The Unofficial Apple Weblog

Apple, others lobby for tax holiday

Fortune is reporting that Apple is one of many major multinational corporations that are banding together to lobby the U.S. government for a one-year "tax holiday" on foreign cash that is repatriated back to the country. At the present time, repatriated cash is taxed at a 35% rate. The companies, which include Cisco, Duke Energy, and Pfizer and many others in addition to Apple, are looking for a one-year window in which the rate would drop to 5%. Cisco CEO John Chambers has advocated the idea for years, saying that allowing the cash to be repatriated at a lower rate would stimulate investment in the U.S. and allow shareholders to reap the rewards of their investments in the form of higher divide

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