Trump's Offshore Tax Plan May Mean Perk for Apple, Pfizer

Trump's Offshore Tax Plan May Mean Perk for Apple, Pfizer


Multinationals are in line for a windfall from President Donald Trump's call to cut the tax rate on U.S. companies' stockpiled overseas earnings, but a select few would do better than others. Apple Inc. and Pfizer Inc. may enjoy an extra earnings bump because of their previous accounting maneuvers, while companies including Microsoft Corp., Merck & Co.



from Biotech News