Apple leaves overseas cash out of its latest quarterly report

Summary:
Effect of the Jan. 1 tax changes... The tax regime signed into law in December by President Donald Trump requires American-based companies to pay tax on money they’ve stashed outside the U.S. The new rules set a one-time rate of 15.5 percent on cash and 8 percent on non-cash or illiquid assets. Payments can be made over eight years. Previously, companies had to pay 35 percent, but only if they brought the money back to the U.S. Apple leaves overseas cash out of its latest quarterly report https://t.co/4wdvCujMRP pic.twitter.com/8jL39rCl8p — Bloomberg Markets (@markets) May 11, 2018

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