GOP Eyes Taking Bigger Bite From Apple, Microsoft, Google To Seal Trump Tax Cuts

Republican tax negotiators, aiming to finalize their nearly $1.5 trillion in tax cuts on Friday, are planning another raid on the overseas piggy banks of Apple (AAPL), Microsoft (MSFT) and Google-parent Alphabet (GOOGL).

Already, the Senate version of the bill would impose a 14.5% tax on cash held overseas by those tech titans and other companies to avoid being taxed at the current 35% corporate rate, along with a 7.5% tax on illiquid assets such as real estate, raising $298 billion.

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