If President Donald Trump manages to push his tax plan through, Silicon Valley will have a lot to be thankful for. Though details remain sparse, the plan mentions a repatriation holiday on top of a plan to reduce to corporate tax rate to 20 percent.
If the Trump plan passes, U.S. tech companies stand to bring a combined $250 billion back to the U.S. Tech actually accounts for 70% of total S&P 500 taxable cash stashed abroad. While many companies are poised to reap mass rewards from the plan, Silicon Valley may arguably be the biggest beneficiary.
As tax reform comes to dominate the headlines, make sure to keep an eye on Apple (AAPL) - Get Free Report , Microsoft (MSFT) - Get Free Report , Oracle (ORCL) - Get Free Report , Cisco (CSCO) - Get Free Report and Alphabet (GOOGL) - Get Free Report .
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