Sentences with phrase «cash held overseas»

We also do not view the US corporate sector as capital constrained for domestic investment — if an investment case is supportive a corporate entity may still wish to raise capital domestically rather than pay 10 % on existing cash held overseas.

As a result, technology is the sector with the largest amount of cash held overseas and would be one of the biggest beneficiaries of repatriation.

Tech firms» balance sheet cash potentially offers some cushion against rising rates and the sector could stand to benefit from any repatriation of cash held overseas should US tax reforms incentivise doing so.

Chief Equity Strategist Mike Wilson continues to overweight the sector given its earnings momentum, benefits from late - cycle capital spending and the potential for a tax repatriation holiday that would disproportionately benefit tech, given its outsized share of cash held overseas.

And to top it off, recent tax cuts for corporations dropped from around 39 % to 21 %, with many large corporations repatriating massive amounts of cash held overseas.»

The new tax law drops the statutory corporate rate 14 percentage points and offers companies easier and cheaper access to cash held overseas.

Corporate cash held overseas is ~ $ 3 trillion.

According to David Kostin, the chief US equity strategist at Goldman Sachs, companies will return $ 200 billion of the $ 1 trillion of cash held overseas in 2017.

Several consumer - product makers, such as Coca - Cola and PepsiCo Inc., have large cash holdings overseas that could be used to fund product innovation or acquisitions, according to Bloomberg Intelligence analyst Ken Shea.

Not exact matches

Thanks to the new law, the largest tech companies repatriated more than $ 470 billion in cash from their overseas holdings at the beginning of the year, Materne said, adding that the mass movement «should result in a bottomless well of capital to fuel a significant wave of software M&A.»

Though many tech companies had been stockpiling cash overseas to defer paying taxes on their foreign profits, the new law requires companies to pay taxes on those holdings immediately but at reduced rates.

China Oceanwide Holdings Group has agreed to buy U.S. insurer Genworth Financial for $ 2.7 billion in cash, the latest in a series of moves by Chinese firms to buy overseas assets as their domestic economy slows and the yuan weakens.

As was pointed out on the panel, a lot of that cash is being held overseas because of the tax laws in the U.S.; it's taxed 30 %.

To date, most of the conversation surrounding the TCJA has been focused on the one - time repatriation tax — charging a tax rate on cash and other assets previously held overseas.

The list breaks out overseas holdings versus cash in the U.S. — seen as important in light of the tax overhaul giving U.S. companies cheaper access to their overseas cash piles.

The U.S. tax system overhaul also has created incentives for companies to repatriate overseas cash currently held in short - term instruments.

The company currently holds about $ 80 billion in cash overseas, which translates to around $ 115 per share.

SAN FRANCISCO — Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $ 252 billion in cash that it held abroad and said it would make a sizable investment in the United States.

The new US tax code requires companies to pay tax of 15.5 % on accumulated overseas profits held in cash and other liquid assets, regardless of whether or not the company repatriates the money.

Five technology companies — Apple, Microsoft, Alphabet, Cisco Systems and Oracle — collectively held $ 594 billion in overseas cash at the end of 2016, according to Moody's Investors Service.

In its last earnings report, Apple said it held $ 252 billion in cash overseas.

The iPhone maker did not say, however, how much of that spending would come from its overseas cash holdings of $ 252.3 billion, or how much was previously planned.

Companies are holding just shy of $ 2 trillion in cash domestically and about $ 2.2 trillion in overseas accounts.

Both Clinton and Trump seem likely to push for a plan that would allow U.S. companies holding cash overseas to bring that money back at a lower tax rate.

The U.S. tax system overhaul also has created incentives for companies to repatriate overseas cash currently held in short - term instruments.

Much $ $ stuck overseas MT @ThemisSal: Just 5 companies, $ AAPL, $ MSFT, $ CSCO, $ GOOG and $ PFE now hold nearly 25 % of all corporate cash, $ 250B Apr 09, 2012

And it was until FY 2013 that they had any long - term debt at all, after deciding to fund some of the buyback and dividend activities with cheap debt due to a large portion of its cash behind held overseas.