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Apple issues $2,500 bonuses to employees after new tax law: Bloomberg

51 minutes agoLifestyle / Fashion : AOL: Style

(Reuters) - Apple Inc told its employees on Wednesday that the iPhone maker is issuing a bonus of $2,500 worth of restricted stock units following the new U.S. tax reform, Bloomberg reported, citing people familiar with the matter. Read more... Permalink | Email this | Linking Blogs | Comments

Apple has $200 billion to play with — here's what it might do with all its overseas cash (AAPL)

Apple has around $250 billion in overseas cash. The new tax law put in place at the end of last year gives the company incentives to transfer those holdings to the US. Apple has said it owes $38 billion in taxes on that amount and suggested...Show More Summary

Report: Apple shares $2500 bonuses with employees following US tax changes

2 hours agoTechnology / Apple : 9 to 5 Mac

Bloomberg today reports that Apple will be giving most of its global employees an extra bonus as the company plans on repatriating almost $250B of its overseas cash after new US tax laws were passed. more…

Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.

4 hours agoNews : NYTimes: News

Less than four weeks after President Trump signed a new tax bill, Apple plans to repatriate the vast majority of its $252 billion in cash held abroad.

Apple will bring much of its overseas cash back to the U.S. under new, corporate-friendly tax law

Apple Inc. said Wednesday it will make $38 billion in tax payments as part of a plan to repatriate its massive stash of overseas cash under new tax laws favorable to big corporations. Apple had long resisted returning to the U.S. its $265 billion in overseas funds because those holdings would be...

Apple will bring much of its overseas cash back to the U.S. under new, corporate-friendly tax law

Apple Inc. said Wednesday it will make $38 billion in tax payments as part of a plan to repatriate its massive stash of overseas cash under new tax laws favorable to big corporations. Apple had long resisted returning to the U.S. its $265 billion in overseas funds because those holdings would be...

Apple appears to be bringing nearly $245 billion home from overseas

Apple is paying nearly $38 billion in taxes to the United States under new federal tax laws. Apple says it plans to make a " direct contribution" of $30 billion to the US over the next 5 years, and also announced plans for a new campus...Show More Summary

Americans are starting to warm up to the new Republican tax law

A New York Times/SurveyMonkey poll showed that the newly-implemented Republican tax law is getting more popular among Americans. This is critical for Republicans, who have staked a large amount of their electoral success on the bill. The...Show More Summary

Goldman Sachs posts $1.9 billion 4Q loss due to new tax law

Goldman Sachs says it lost $1.93 billion in the fourth quarter, as the bank had to record more than $4 billion in charges related to the new tax law. Goldman … Click to Continue »

Bank of America 4Q profits fall by 48 percent due to tax law

Bank of America says its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax … Click to Continue »

Ask The Taxgirl: The $10,000 SALT Cap & Vacation Homes

It's "Ask The Taxgirl." Today's question focuses on the $10,000 cap on state and local taxes under the new tax law - and whether it applies to vacation (not rental) property.

Supreme Court to decide internet sales tax collection limits

U.S. Supreme Court photo by Phil Roeder via Flickr CC Much tax attention has been focused on the new tax law that now limits the federal deduction filers can claim for the state taxes they pay. But another impending state tax decision could affect even more taxpayers across the country. Show More Summary

Tax law brings big paper losses, long-term gains to US banks

Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law. And while the … Click to Continue »

Maryland Democrats unveil bills to offset changes in federal tax law

Bills would create state-run charity to benefit public schools, establish new personal exemption and keep estate tax in place.

Citigroup loses $18 billion

The bank took a $22 billion one-time charge related to the new tax law. But as Fred Katayama reports, its rising adjusted profit and revenue beat estimates. Video provided by Reuters        

Citigroup Takes a $22 Billion Tax Hit, but Sees Higher Profits Ahead

Citigroup reported a one-time charge of $22 billion on Tuesday to adjust for the new tax law, but said it expected earnings to rise in the future.

Uber drivers, freelancers and other independent contractors are getting a tax cut

The new tax law delivers a massive tax cut for corporations. Republicans sold the plan in part with the argument — heavily disputed by critics — that lower business taxes would trickle down through higher wages and be a boon to the middle class. But the law offers a more direct benefit to one seemingly...

Citigroup climbs after beating expectations despite a $22 billion tax hit (C, JPM, WFC, PNC, BAC, COF, STI, KEY, GS, MS, BBT)

Citigroup's stock climbed after reporting strong earnings that beat analysts' expectations. The major banks are expected to post some losses after provisions in the new tax law. Shares of the major banks were up in pre-market trading. View...Show More Summary

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