Apple, Microsoft and Cisco Are Holding Almost $500 Billion Overseas

Apple (AAPL) , Microsoft (MSFT) and Cisco (CSCO) are holding some $440 billion overseas.

The last thing companies want is to repatriate their overseas treasures and pay the 35% U.S. tax rate.

That's why President Trump is proposing a 10% repatriation holiday. 

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