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Trump’s Offshore Tax Plan May Provide Extra Perk for Some

Accounting maneuver would mean a one-time boost for Apple, Pfizer.

By Lynnley Browning, Bloomberg | Updated on June 12, 2017

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 and Pfizer may enjoy an extra earnings bump because of their previous accounting maneuvers, while companies including Microsoft, Merck & Co. and Exxon Mobil might have to log a one-time earnings hit, data recorded in their public filings suggest.

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